24th November 2010

Ascentric broadens its appeal through new charging structure

Independent wrap Ascentric today announces a new charging structure that will make it more competitive for advisers placing lower value cases on the platform.

Ascentric’s charging now comprises:

• £60 + 0.15% charge for funds up to £60K (previously 0.25%)
• 0.25% platform charge on balance of funds between £60k and £1m
• 0.10% charge on balance of funds between £1m and £3m
• Discounts are available on the balance of funds greater than £3m

The new charges will be available to Ascentric users from Tuesday 4^th January 2011 and removes the £150 per annum minimum charge on portfolios of less than £60K. The minimum investment amount has also been reduced from £5,000 to £1,000.

Commenting on this announcement, Richard Goodall, Sales and Marketing Director at Ascentric said, “The Ascentric proposition already offers a wide availability of investment solutions to advisers. Following feedback from our users, this new charging structure will allow our advisers to offer their investment solutions to a broader range of clients.”

Wraps & Platforms, Investments