Our Stockbroking Service

Dan Hughes

Dealing & Trade Support Manager

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Dan Hughes, Ascentric Dealing and Trade Support Manager

Unlike other platforms, we are one of the few that have our own stockbroking desk. We’ve been a member of the London Stock Exchange since 2008, meaning we can deal in real time throughout the whole time the markets are open; we aren’t limited to placing bulk trades only once a day. 

How does this help?

Trading throughout the day helps us to give you more control over exactly when you buy or sell, often generating significant savings for your clients from improvements we secure on bid offer spreads in the market. During 2016 we delivered £566,000 worth of savings for our clients. That translated to an average 8.5 basis points saving per trade over the period, and whilst this doesn’t sound significant, over the longer term this could offset a significant portion of the platform charges.

For a portfolio invested in exchange traded assets, the price improvement could equate to about 85% of the platform fees over 30 years.


If we assume that a fully invested portfolio of £180,000 (based on the average Ascentric portfolio value) will grow at 4.5% a year (net of charges) for 30 years, and based on our statistics 86.348% of holdings are switched over the course of a year, then we could expect to see a final fund value of £674,157. When this scenario includes the 8.53bps price improvement on both the sale and purchase, the effective growth rate on the switched assets become 4.67% resulting in a weighted return on the portfolio of 4.65% which would then give a final fund value of c. £704,608. Platform fees over the period would be £35,930 and the improvement being £30,451, the stockbroking team offsets 84.75% of the charge.

As well as the advantages that come with being able to trade throughout the day, our all-inclusive charging structure means there are no additional costs for direct market trading, which is unique in the UK platform market.

Don't take our word for it

Here's what Mark Waters of Skerritts Wealth Management had to say about the service:

"The synergies between Ascentric’s model portfolio technology and its in-house stockbroking capability has made a noticeable impact for us, particularly with ETFs and Investment Trusts."
 

Want to find out more?

To find out more about the benefits of our in-house stockbroking and how it could help your clients, get in touch and we'll be happy to help.

Read more in our Best Execution Policy.

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The Ascentric Wrap platform is available for Financial Advisers to support their business. Find out how we could help add more value for your clients

01225 787 575

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