View more on these topics

Ascentric reaches £175m assets

Ascentric has seen its assets under advice swell by £75m in the past three months to £175m.

The Ascentric wrap was launched to the IFA market in January and chief executive Hugo Thorman says it has received strong support from advisers focusing on the high-net-worth channel.

It is looking to set up an IFA forum on its home page to enable its adviser users to exchange views, tips and experiences of using wrap. Ascentric is also in the process of establishing an IFA user group that will provide feedback to the firm’s management which will be used to help formulate ongoing development plans. The user group will be chaired by non-executive IFA director and trusteeMalcolm Coury.

Thorman says: “It was only in August when we announced the milestone of £100m. This growth reflects both the interest in the Ascentric proposition and IFAs’ desire and support for wraps.

“From a standing start, the Ascentric wrap has to be the fastest growing wrap or fund supermarket platform in the UK ever.”

Ascentric now offers 1,700 funds from over 110 fund managers across a range of tax wrappers including Peps, Isas, self-invested personal pensions, offshore bonds and small self-administered schemes.


Tax-free gains? That can’t be right, can it?

When he was Chancellor of the Exchequer, George Osborne made several changes to the way in which income is taxed. Personal allowances were increased significantly above the rate of inflation; a starting rate band was introduced for savings income and, with effect from 6 April 2015, this was assessed at 0 per cent. In addition, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm