Ascentric Wrap

Ascentric today announced the launch of Global Emerging Market Equity boutique Somerset Capital Management on its platform.

Ascentric has united with adviser support services group True Potential.

Ascentric has signalled the "beginning of the end" of the ongoing Towry transfer delays and is confident the problem will be resolved in a matter of weeks.

Royal London total new life and pensions business rose 35% in the first half of the year, driven by strong performances from Scottish Life and Royal London 360.

Ascentric says delays in the transfer of £75m worth of Towry assets on to the platform are costing it £15,000 per month, as a dedicated team battles to sort out the "extraordinary" and "embarrassing" problem.

Ascentric has launched a tool providing advisers with a breakdown of client portfolio charges, including the cost of setting up model portfolios and ETFs.

Intrinsic Financial Services has selected Investment Funds Direct Limited (IFDL) to power its wrap proposition.

Distribution capabilities will become increasingly important for ETF issuers seeking to attract investors as the market grows, according to industry experts.

Ascentric has appointed 1st - The Exchange technology chief Jon Finn as IT director.

Hugo Thorman, managing director of Ascentric, examines the issue of disclosing costs post-RDR.