Acquisiton-hungry Moneygate selects Ascentric

North-east national IFA network Moneygate – recently linked to the purchase of the Alpha to Omega (A2O) network – has selected Ascentric to power its wrap proposition.

The company is looking to expand since securing a major investment deal in October and says it has a number of other acquisitions in the pipeline.

Moneygate, which has 75 registered individuals, says it has been reviewing the platform market for several months and selected Ascentric following a rigorous due diligence process.

"Ascentric's independence, innovative features and commitment to ongoing development sets them apart in this market and will act as a key component in our plans for expansion", says Moneygate sales director Dennis Reed.

"The combination of investment choice, competitive charging and platform functionality offered by Ascentric complements our client proposition perfectly, and will allow us to grow our investment management proposition."