Assets on the Ascentric wrap platform have passed £1bn with the provider hoping to achieve profitability by the end of next year.
The landmark figure was reached as the platform reveals its funds under administration have risen 70% since the start of the year.
"Passing £1bn of assets on the platform represents a major milestone in the development of the Ascentric wrap platform and sets a firm foundation for our continued growth," comments managing director Hugo Thorman.
The wrap provider is now looking to build on its success and achieve profitability by year-end 2010.
The passing of the £1bn mark follows last week's announcement Ascentric is teaming up with HSBC to offer an onshore investment bond.
The Ascentric platform provides access to over 3,000 funds from 230 fund managers.
Ascentric is the branded wrap service of fund supermarket IFDL.
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