Ascentric
Royal London-owned wrap platform
Bath-based Ascentric is a wrap platform service available only to financial advisers, offering integrated online viewing and dealing facilities. It allows advisers and clients to aggregate their investments in one location to manage and view their portfolio quickly and efficiently.
The platform removes the need for different product tax wrappers such as ISAs, pensions and insurance bonds by having all of these available via the one platform.
Ascentric allows for the holding of unit trusts, OEICs, equities, bonds (government gilts and corporate bonds), life assurances and cash. The platform also allows advisers and their clients to record assets and/or liabilities such as property, mortgages, loans and life assurance policies.
Ascentric is owned by IFDL, a subsidiary of mutual insurer Royal London.
Investment
Ascentric has posted a £0.6m loss for the 2013 financial year after "significant" investment in technology which cost it £1.6m last year.
17 September 2014
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1 min read
Investment
Royal London chief executive Phil Loney has said the group is currently preparing its wrap platform Ascentric to be "four or five times the size it is today" over the coming years, following a tougher 2014.
19 August 2014
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2 min read
Platforms
Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.
28 July 2014
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1 min read
Platforms
A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.
22 November 2013
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1 min read
Platforms
Ascentric, the Royal London-owned wrap platform, has seen net new business jump by 46% in the third quarter.
05 November 2013
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Platforms
Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m.
06 November 2012
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Platforms
Wrap platforms Ascentric and Transact have criticised the FSA after it requested the wraps provide it with details of hundreds of their customers in order to gauge their views on platform rebates.
19 October 2011
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Platforms
Cofunds has today announced its new unbundled charging structure which will launch around the middle of next year alongside the bundled model. But is the supermarket offering a good deal for clients?
14 September 2011
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3 min read
Platforms
There are many ways a discretionary fund manager (DFM) can integrate a platform into their service proposition. Maria Merricks looks at the options
19 November 2010
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5 min read
