Towergate launches wealth platform with IFDL

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Towergate Financial is launching a new wealth platform, powered by Investment Funds Direct Ltd(IFDL), to help it meet RDR requirements.

The platform, aimed at mid-to-high net worth individuals, will roll out by the end of the year and forms a key part of Towergate's new client offering. Towergate business development director Dan Salter says the platform took nine months to prepare after a vigorous selection process which saw 12 providers reviewed by its leading financial planners. He says the decision to use IFDL, which also runs the Ascentric brand, was based on its integrated fund management , stock broking and cash management solution. Towergate was also impressed with its ability to add and remove products, along...

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