Ascentric wrap links to TCF tool

Ascentric has become the second wrap platform to link to the FinQS-developed TCF Centre tool.

Designed to help firms adhere to the FSA’s six treating customers fairly principles, the service is also available on the new Novia wrap.

While Novia will absorb the tool’s charges, accessing the TCF Centre on Ascentric will cost advisers from £8 a month per user.

Ascentric executive managing director Hugo Thorman denies the extra charge will put off advisers.

“When looking at all platform charges, the total cost to the adviser using Ascentric will still be very competitive,” he says.

“Advisers will only be charged it they want to use the tool. Not every adviser will want the service.”

The TCF Centre gathers online client feedback and addresses trends in a firm’s management information. Scores can be benchmarked against internal standards or against the wider IFA community.

FinQS says it is in discussions with other platforms as well as adviser networks about more possible links.

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Hysni Kaso
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Hysni.Kaso@incisivemedia.com