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P1 launches adviser proposition on Ascentric platform

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P1 Investment Management, the recently launched discretionary fund management (DFM) proposition for advisory firms, is now available on the independent wrap platform Ascentric.

Financial advisers using Ascentric will now have access to P1’s nine core model investment portfolios, which span five risk levels and three primary objectives – income, capital growth and balanced.
 
The model portfolio fee is 0.25 per cent inclusive of VAT per annum up to GBP1 million, dropping to 0.1 per cent thereafter. 
 
Going forward, P1 has plans to roll the proposition out to additional platforms. 
 
This original DFM solution is owned by a select number of participating advisory firms, including Prydis, all able to contribute to decision making to ensure the platform and investment management services develop in line with the needs of advisers and their clients.
 
James Priday, managing director of Prydis and P1 Investment Management, says: “We have already received a high level of interest from quality advisory firms and our partnership with Ascentric allows us to further expand our reach. As P1 is a purely adviser-led solution, it enables financial advisers to protect the trusted relationship they have built up with their clients. Efficiency, low-costs and enhancing the adviser-client relationship are the three cornerstones of P1’s proposition.”
 
Justin Blower, head of sales, Ascentric, adds: “The launch of P1 on the platform adds additional breadth to our already extensive DFM range. It is also great to see such an innovative ownership structure being brought to market.”

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