Assets on the Ascentric platform have passed £2bn with total assets under administration (AUA) surging 75% since the start of the year.
The landmark was reached after a record period of growth for the Royal London-owned wrap. Whilst it took nearly three years to hit the £1bn mark, breaking the £2bn barrier took just 10 months.
"We are incredibly grateful for the support we have received from adviser firms and white label clients, who have helped shape and refine our proposition and driven this growth by placing an increasing volume of assets on the platform," says MD Hugo Thorman (pictured).
"With RDR driving adviser firms towards technologies that support their client propositions, we are well set to grow our share of an increasingly competitive market."
The AUA milestone comes on the back of Ascentric launching the first tax elected fund to be marketed in the UK last month.
Taking the time to look
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
Rebranded from OMW
Think tank report