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...
'Better value for money'
Inflows increased 67% in the quarter
Starting next month
Platform tools fall short
Made an offer last year
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams