The deal, LAS’ first with a wrap provider, will sound out any clients suitable for asset migration to the platform.
LAS will also provide Ascentric users with client-specific cost and benefit comparisons which then populate an automated cost comparison schedule.
Ascentric sales and marketing director Richard Goodall says: “Until now there have been few tools in the market to help advisers with these tasks and none which can be used with all types of investment products. We have worked closely with LAS to integrate its market leading proposition into the Ascentric platform and are delighted that we can now offer this major new benefit to our users.”
LAS chief executive Bryan Beeston says transfers and replacement business can constitute more than half of the activity of a typical adviser firm.
He adds: “We are delighted to be able to bring these advanced processes to adviser firms.”