The £4bn cloud hanging over Ascentric's potential platform sale
White label platform deal
: “It is good when advisory firms seek discounts for their clients from platforms" - Rory Percival.
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...
More on Platforms
Chris Bredin: Reviewing a year like no other for platforms
Deals, adaptation and flows
M&G's Montgomery on rebrands: 'Pru name very much still here'
And adviser thoughts
Private equity could be underestimating platform complexities - the lang cat
Private equity on the rise
James Hay ramps up Nucleus bid by changing takeover strategy
Placed votes 28 March
AJ Bell acquires platform phone app developer Adalpha
Developing app for advisers
Back to Top
More news
Ditch complex rise in normal minimum pension age - Quilter
'Unintended complexity'
One of the youngest British Steel victims: 24-year-old tells transfer tale
Transferred £50,000
Incisive Media welcomes Schroders as multi-channel sponsor of the Sustainable Investment Festival
Running sessions throughout June's inaugural event
