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Ascentric

IFDL appoints Institutional Sales Director
20 December 2011

Investment Funds Direct Limited (IFDL) has appointed Rob Beverley as Institutional Sales Director with immediate effect. IFDL is the provider of the independent wrap platform that powers a growing number of platform solutions, including the Towergate Wealth Platform, Succession Investment Platform, Openwork as well as Ascentric.

Rob has 18 years experience within the financial services industry, with 11 years specifically in the UK platform sector, and joined IFDL in August 2008 as Strategic Accounts Manager where he focused on developing new business relationships with major distributors and more recently as Head of Strategic Relationships. Since joining IFDL, he has seen assets under management on the platform grow from £500 million to over £3.5 billion.

Hugo Thorman, IFDL’s Managing Director said, “We have experienced tremendous growth, seen our proposition develop considerably over the last three years, and this year reached the significant milestone of profitability. Rob has played an important role in helping us achieve that and I am confident he will continue to play a key role in our continued success. He is well respected both within our organisation and also amongst our strategic accounts and adviser firms.”
 
-ENDS-

For further information, please contact:

Investment Funds Direct Limited
Dominic Ventham, Head of Marketing
Tel: 01225 787208, Mobile 07590 227039
Email: dominic.ventham@ascentric.co.uk

Issued by Concise Public Relations   
Tel 0207 100 3960
Martin Wood
Mobile:  07946 527240, Email: martin@concisepr.com

Notes to Editors
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.
 
IFDL 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.

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
• Caledonian Life – ROI protection market
• Royal London 360° – offshore investment markets
• RLAM – fund management
• Royal London Plus – life and pensions administration
• Ascentric/IFDL – Wrap Platform
• MoneyVista – online financial planning service for consumers
 
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £44.2 billion. Group businesses serve around 4 million customers and employ 2,950 people. Figures quoted are as at 30 September 2011.


The Royal London Mutual Insurance Society Limited. Registered Office: 55 Gracechurch Street, London EC3V 0RL United Kingdom. Registered in England No 99064.

Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Royal London Savings Limited provides the Individual Savings Account. Royal London Unit Trust Managers Limited provides unit trusts. All these companies are authorised and regulated by the Financial Services Authority.

Group Registered VAT Number 368 5244 27