Ex-Edward Jones advisers Prosperity select Ascentric to power their new business
15 February 2010
Prosperity IFAs and Stockbrokers has selected independent wrap Ascentric as its platform solution to power their whole of market model.
The new firm, established by three former Edward Jones advisers, Jasper de Zoeten, Simon Munday and Mark Newman, are building a whole of market model for their clients, and received authorisation from the FSA last month. Prosperity IFA has selected Ascentric as its sole technology platform partner and will use the service to meet the increasingly diverse needs of its client base.
"The Ascentric wrap platform offers an integrated stockbroking, fund supermarket and cash management facility that lends itself perfectly to the whole of market model we are building," commented Jasper de Zoeten, Partner at Prosperity IFAs & Stockbrokers. "In addition, their ability to provide a consistent administrative and client process will allow us to move new and existing assets into a single, flexible and cost effective environment."
Richard Goodall, Sales & Marketing Director at Ascentric added, "It is comforting to know that firms such as Prosperity IFAs & Stockbrokers, who are used to dealing with a wide range of investments, have selected our platform to drive their business forward. I have no doubt that with access to a wide range of product wrappers as well as support services that include the ability to own brand, the Ascentric platform will complement the aims of their whole of market model."
ENDS
For further information please contact:
Ascentric
Dominic Ventham, Head of Marketing
Tel: 01225 787208, Mobile 07590 227039
Email: dominic.ventham@ascentric.co.uk
Issued by Concise Public Relations
Martin Wood
Tel 0207 100 3960 Mobile: 07946 527240
Email: martin@concisepr.com
Liam Jenkins
Mobile 07984 439968
Email: liam@concisepr.com
Notes to Editors:
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 quality propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Provident – UK protection market
- Royal London 360° – offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
- Fundsdirect / Ascentric – funds supermarket; Wrap platform
Royal London also distributes life and pensions products through Santander's UK branch networks.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £35.9 billion. Group businesses serve around 3.4 million customers and employ 2,800 people. Figures quoted are as at 31 December 2009.