Ascentric welcomes 230 adviser firms as sales rise 8%

Net new assets via the group's wrap and white label platform services were £1.3bn, bringing its total assets under administration to £3.7bn, a 48% increase on end 2010. It said the extra 226 adviser firms introduced some 10,000 new customers to the platform. Net new business at Royal London Asset Management (RLAM) in the 12 months to 31 December remained positive at £379m, but this was down 67% on the previous year's £1.1bn. This was due to the prevailing market conditions, it said. It added long term performance at RLAM, which invests a significant portion of client monies in its ...