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Ascentric hits GBP3bn AUA

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Independent wrap Ascentric has passed GBP3bn assets under administration. The company recently announced a 72% increase in new assets for the first quarter of this year and this marks its most successful period of growth driven by the support of its strategic accounts and adviser firms.

Hugo Thorman (pictured), Managing Director at Ascentric says: “The platform is going from strength to strength and we are proud to have reached another milestone in the continuing development of the company. We are indebted to the support of our adviser firms and our strategic clients including Towergate Financial and Succession Advisory Services who continue to help us shape and refine our proposition while driving increased volume of assets on to the platform.
 
“With RDR continuing to fuel platform market growth, I firmly believe we are well set to grow our share of an increasingly competitive market and hit our primary goal of achieving sustained profitability this year.”

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