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Ascentric claims to be fastest growing wrap

Ascentric has now got 156 advisers from 40 firms signed up to its wrap. 

Follwing Ascentric’s announcement that it now had £175m funds on its platform, it is claiming to be the fastest growing wrap platform or fund supermarket in the UK.

Ascentric now has 110 fund managers offering 1770 funds with agreementsin place with 11 pension product partners and 4 offshore bond partners.

Chief executive Hugo Thorman says: “Our tremendous growth has been down to the success of our technology, our ability to recognise and have flexibility in meeting IFA requests, and support from IFAs.

“The variety of funds demanded by the IFAs is considerable and if advisers and clients want access to certain funds a wrap proposition has to be able to respond.  Funds on our platform stretch beyond active equity and bond to a proliferation of property, absolute return and hedge fund, and specialist.  Simply, what we now offer is access to a more sophisticated and diversified investment.”

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