Ascentric Wrap targets key distribution channels, IFA networks and nationals
Monday, 11 August 2008
Ascentric, the whole of market Wrap provider, is pleased to announce a senior appointment within the Business Development team, to assist with the promotion of its services to major IFA accounts, national adviser groups and IFA networks.
Robert Beverley has been appointed as Strategic Accounts Manager focusing on the development of new business relationships with major distributors.
Robert brings to Ascentric 15 years of experience within the financial services industry, including eight years specifically in the UK wrap and fund supermarket sector at organisations including wrap technology provider InfoComp, specialist wrap consultancy Adnitor, American Express and Co-Operative Bank Financial Advisers.
Michael Fordham, Business Development Director, said:
"We are delighted that Rob has joined the business to help promote the services we offer to major and national IFAs accounts. His wealth of experience in the wrap platform market and his understanding of the needs of large adviser groups will help deliver the Ascentric offering to this sector of the market."
-ENDS-
For further information please contact:
Ascentric
Michael Fordham
Business Development Director
E-mail: michael.fordham@ascentric.co.uk
Tel: 0207 553 9170
Mobile: 07718538541
Notes to Editors:
About Ascentric
Ascentric and Fundsdirect are the trading names of Investment Funds Direct Limited.
Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK's first online fund supermarket in December 1999. Since that time, the company has built on their reputation as a leading UK fund supermarket to provide Independent Financial Advisers (IFAs) with a Wrap service under the brand name of Ascentric.
Ascentric is a whole of market Wrap service, available exclusively to IFAs and offers a fully integrated online investment management and dealing platform. It also enables IFAs to transfer their clients' assets onto a single platform to provide them with the ability to manage their client's financial needs in just one place. This is obviously a considerable enhancement to the existing, time-consuming practice of IFAs introducing their clients to a number of different product providers.
In October 2007, a majority holding of Investment Funds Direct Group Limited was acquired by Royal London Group.
For further information about Ascentric and Fundsdirect, please visit either www.ascentric.co.uk or www.fundsdirect.co.uk
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Life International – offshore investment markets
- Scottish Provident International – offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
- Fundsdirect / Ascentric – funds supermarket; Wrap Platform
Royal London is one of the stronger life and pension companies in the UK, and has a strong track record for with-profits performance.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.6 billion. Group businesses serve around three million customers and employ 2,630 people (figures quoted are as at 31 March 2008).