Print Page

Fundsdirect

Fundsdirect provides 'wrap' investment administration services, principally to financial advisers and their clients.

A 'wrap' platform is a service used by IFAs to view and administer customers' investment portfolios.

Key Products:

  • Wrap services to independent financial advisers and their clients under the Ascentric brand
  • White label services, principally to pension providers seeking access to third-party funds for their products
  • Direct to customer wrap services

Highlights of 2007:

  • Assets under administration increased from £219m to £544, during the year
  • Total client numbers increased by 64% to 5,600
  • Total number of mutual funds listed on the platform increased to 1,750 by year end and the number of SIPP links to nine
  • Three new white label clients were added during the year