Ascentric assets top £1bn

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 As...