For me, it is a no-brainer. I often say to my clients that I’m a “pot wrapper”.
My job is to find out what they want their money to do for them, how much it will cost, when they will need it and how much risk they are willing to take with that pot. Whether it is the school fees’ pot or the retirement pot, I just wrap money in the most taxefficient way to meet my
As financial planners, I often think that we make things far more complicated than they need to be.
In my business, I like things to be simple. I chose the Ascentric wrap because it fits in perfectly with my investment policy, which is to invest client money in a transparent, responsible, robust, cost-effective and diversified manner.
Dealing with Ascentric has been easy and the transfer of my existing clients has been swift. No business you deal with is ever 100 per cent perfect and there have been a small number of blips in administration but I really believe that how someone deals a problem says more about them as a firm than anything else. The difference with Ascentric, compared with other firms I have dealt with, is that I have direct contact with
people who take ownership of problems and fix them immediately.
The independent nature of their proposition is another reason why I like dealing with Ascentric. Although they are owned by Royal London theydo not promote or push that particular brand. I am suspicious of platforms that are set up by insurance companies as I never really feel they can be truly independent.
Unlike the other platforms available in the market, Ascentric fits in perfectly with my investment process.
Ascentric was one of the first platforms to offer exchange traded funds and is the only wrap platform to provide access to the Evercore Pan-
Asset ETF model funds. By investing client funds in the Evercore Pan-Asset models through the Ascentric platform, I know my client money is invested in model funds that relate directly to their risk profiles.
Ascentric’s model portfolio functionality allows these models to be rebalanced as and when required, ensuring that the money I invest on my client’s behalf stays true to its original objective. This investment flexibility is available for an annual management charge of 0.25 per cent plus dealing charges.
The money is then wrapped on the Ascentric platform depending on the client’s accessibility and tax requirements. Not only are these charges very costeffective but also highly transparent. As a fee-based adviser, using a wrap makes processing clients’ fees simple.
In addition, having all my funds under management on one platform keeps costs low and allows for easy client management.
By adopting this process, I find investing my clients’ funds is straightforward and I have peace of mind knowing that client money is being
actively managed by professionals who have a passion to deliver good returns in a responsible manner.
I know where I stand with Ascentric. Like me, they like to keep things simple and transparent.
Wendy Fleming is director of Fleming MacDonald