Ascentric surpasses £12bn assets under administration

Published: 24 January 2017

Ascentric, one of the UK’s leading wrap platforms, today announced that total assets under administration now exceed £12 billion.

The market leading platform has continued to benefit from an increase in the number of new account applications being received from existing and new advisers, as well as the post-Brexit recovery of stock markets. The milestone comes just four months after Ascentric announced it had reached £11bn in AUA.

Ascentric has recently introduced platform enhancements to help financial advisers manage their clients’ portfolios. Recently, Ascentric launched the Income Forecaster – the first adviser based interactive tool designed to help advisers assess the projected natural income of any portfolio – as well as launching its model portfolio cloning tool which helps reduce risk and increasing speed for advisers when replicating portfolios.

Other initiatives have included the introduction of inheritance tax planning services via Brown Shipley, Blankstone Sington and Puma Investments.

Commenting on the AUA milestone, Jon Taylor, Managing Director of Ascentric said:

"The continued growth we’ve seen reflects our efforts to provide advisers with the flexibility and specialist tools they need to effectively deal with their client’s needs. The markets remain challenging for both advisers and their clients to navigate, but we are committed to providing innovative, cost effective solutions."

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