For the first time ever the platform industry nudged into collective profitability last year. But was this a one-off or the start of the industry's permanent move into the black
A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.
PA asked platform providers that are adopting a bulk transfer approach what proportion of funds are currently more expensive and how that will impact the conversion process.
Other Ascentric Wrap articles
Interest - and retail money - in exchange traded products (ETPs) has been rising steadily over the past few years, and seems to have accelerated since the RDR. Laura Miller asks why - and what – it means for advisers and investors
Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) suggests.
Are advisers better off leaving fund share class conversions to platforms (as some have suggested), or should they carry it out themselves?
Wrap platform Ascentric and institutional arm IFDL grew combined total assets by 20% over the first six months of the year to £6.2bn.
Investment Funds Direct Limited (IFDL) has selected Bravura Solutions as its preferred back office technology partner.
Ascentric has become one of the first platforms to explicitly rule out lobbying for super-clean share classes.
Platforms may be forced to abandon plans for ‘super-clean’ share classes as the number of firms demanding the special terms continues to rise, according to a consultant.
Fresh concerns among advisers about how the Financial Services Authority (FSA) may view their tactical asset allocation calls are helping to drive the growth of discretionary fund managers (DFMs), according to Ascentric chief executive, Hugo Thorman.
Ascentric has added Lex Futura's online legal products to its range of additional services available to intermediaries.
Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m, according to latest figures.
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