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.
: “It is good when advisory firms seek discounts for their clients from platforms" - Rory Percival.
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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...

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