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Ascentric founder Fordham launches wrap platform

Ascentric joint founder Michael Fordham has launched a new platform for advisers with both UK and ex-pat clients.

Platform One is aimed at top tier adviser firms and multiple family offices and has a UK and international offering.

The platform white-labels Royal London’s Investment Funds Direct Limited platform and requires a minimum investment of £250,000.The firm has set a target of reaching £1.2bn over the next five years.

Platform One has been founded by The Way Group, London & Colonial, Ward Goodman Financial Services, Section 615, European Pensions Management and Cheviot Asset Management.

The international service is administered by Moventum of Luxembourg and the custodian is Banque de Luxembourg.

Platform One managing director Michael Fordham says: “The target we have set for the next five years is very modest but we believe it is the right business plan for the current climate. Obviously we would hope to surpass that target in the time set.”

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