The Ascentric wrap platform provides a comprehensive client account management, investment administration and accounting capability. It offers multiple sub-accounts and tax wrappers within a single client master account, holding cash, funds, equities, bonds and other potential asset types.
The Ascentric wrap platform provides extensive facilities to offer:
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Independent of any Product Provider |
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'Whole of Market' access to third party products e.g. SIPPs and Offshore Bonds (see IFA Zone for details) |
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All tax wrappers including ISA SIPP, SSAS and Offshore Bonds and an unwrapped General Investment Account |
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Wide selection of asset types including over 1900 funds, shares, bonds and cash |
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IFA branded website |
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IFA equity participation |
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Multiple cash accounts and interest facilities
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Full custody capabilities for nominee, certificated,
CREST and external holdings
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Integrated online facilities including valuations and
trading
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Ability to record and track non-custody holdings (e.g.
insurance and other policies) (due 2008)
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High levels of back-office automation and straight
through processing (STP) |
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A comprehensive range of account, asset and transaction
charging mechanisms
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CAR (Customer Agreed Remuneration) friendly
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The Ascentric service has been designed to be comprehensive, flexible, deliver integrated online trading and provide IFAs with the support necessary to keep their administration costs low.
Tax Wrappers
The Ascentric service provides all the main UK tax Wrappers for clients whilst minimising the effort needed to administer the rules. For example, a client may have an ISA and a general unwrapped portfolio. Multiple unwrapped, or general accounts, can also be held by an investor.
Further products can be accomodated including SIPPs, SASSs and offshire bonds from our product partners
Cash Accounts
A client can have a number of cash accounts for each Wrapper or sub-account. These may include a trading account (where funds are held until settlement), a capital deposit account and an income deposit account. All cash accounts will have interest applied to them.
