Ascentric assets up 70% to hit the £1 billion mark

Funds on the Ascentric Wrap platform have passed £1bn marking a record year for Ascentric with assets under administration rising by 70% since the start of 2009.

Hugo Thorman, Managing Director of Ascentric commented "Passing £1bn of assets on the platform represents a major milestone in the development of the Ascentric Wrap and sets a firm foundation for our continued growth.

"Our supporting IFAs have helped us to shape and refine our proposition and by placing a growing volume of assets onto the platform. The recent signing of high profile clients such as Towergate, Succession and HSBC are a great endorsement of the Ascentric proposition and reflects our investment in staff and technology".

The Ascentric Wrap platform offers an unbiased and unrestricted choice of investments to clients and advisers. It allows access to over 3,000 funds from over 230 fund managers. The platform provides a general investment account, ISA and in-house SIPP as well as third party providers offering a range of 5 offshore bonds, 2 onshore bonds, 26 SIPPs, 9 SSASs and 1 QROPS.