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Ascentric assets grow to £2bn

Ascentric has seen assets on its platform grow 75 per cent since the start of 2010 to pass the £2bn mark.

Ascentric managing director Hugo Thorman says this marks a record period of growth for the independent wrap platform.

He says: “After taking almost three years to achieve our first billion, hitting this mark in just over 10 months represents another significant milestone in the development of the Ascentric platform and is a great credit to the team working here.

“We are incredibly grateful for the support we have received from adviser firms and white label clients, who have helped shape and refine our proposition and driven this growth by placing an increasing volume of assets on the platform.

“With RDR driving adviser firms towards technologies that support their client propositions, we are well set to grow our share of an increasingly competitive market.”

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