Ascentric wrap reaches £175m in funds

Launched to the whole IFA market in January this year, funds on the wrap have jumped £75m in less than three months. “It was only in August when we announced the milestone of £100m and this growth reflects both the interest in the Ascentric proposition and the IFAs' desire and support for wraps,” Ascentric chief executive Hugo Thorman says. “From a standing start, the Ascentric wrap has to be the fastest growing wrap or fund supermarket platform in the UK ever.” Ascentric says its wrap proposition appeals to high net worth adviser firms and clients. To comment on this story, contac...