IFDL and Ascentric report 20% rise in total assets in H1

Net new business was up 39% compared with the same period last year to reach £813m, representing its strongest ever first half performance after two consecutive quarters of record net inflows. Around 9,000 new customers were added to the platforms in the first half of 2013, meaning that the number of total customers rose 35% to reach 50,073. More than 350 new adviser firms signed up to the IFDL and Ascentric platforms during the first half of the year. Ascentric and IFDL managing director Hugo Thorman (pictured) said, "We have enjoyed a fantastic first half to the year driven by tw...