Ascentric chief executive Hugo Thorman has set his sights on signing more large IFA firms to the wrap platform after snaring Chartwell earlier this month.
Thorman says the Royal London-backed proposition is currently in talks with a number of other "top 50" adviser firms - alongside ongoing discussions with smaller IFAs. "We are gaining interest from both the one man band and the firm with 400 advisers," Thorman says. "For the large distributors looking to lower costs, having their own wrap is a major attraction at the moment." Thorman says Ascentric can develop individual wrap propositions for firms with a minimum of £500m assets under management, bringing added flexibility in functionality and enabling the adviser to implement their o...
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