Royal London's adviser platform Ascentric and the £15.94bn assets it administrates are reportedly on the market for sale but there is a cloud hanging over a large chunk of the business it looks after, industry experts have said.
Ascentric currently has £15.93bn AUM, but more than £4bn of those assets are on a white labelled version of the platform it provides Succession Wealth IFAs with. Given the large portion of business Succession holds with the platform it would not be surprising if the advice network was concerned about the effects of a potential Ascentric sale may have on its white label platform deal. The same would apply the other way round too - any potential buyer will be wary of the huge bit of business Ascentric has with one IFA firm, according to market commentators. Professional Adviser also un...
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