Ascentric exceeds £1bn assets on platform

Ascentric has exceeded £1bn funds under administration on its platform.

The figure marks a record year for Ascentric, representing a 70 per cent increase since the start of 2009.

Ascentric managing director Hugo Thorman says: “Passing £1bn of assets on the platform represents a major milestone in the development of the Ascentric wrap and sets a firm foundation for our continued growth.”

Consolidation vehicle Succession recently picked Ascentric to power its wrap platform.

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