What is Ascentric?

Ascentric is a new independent wrap platform service available exclusively to IFAs. Commonly referred to as a "Wrap", Ascentric uses the most modern and cost-effective Wealth Management system in the UK and offers fully integrated online viewing and dealing facilities.

Ascentric is totally web-enabled and allows IFA clients to aggregate their investments in one central location to hold, manage and view their entire portfolio quickly and efficiently. Ascentric removes the traditional need for a product provider to deliver the different product tax Wrappers like  ISAs, Pensions and Insurance Bonds by having all of these tax wrappers available on the one platform.

Ascentric allows direct holdings of unit trusts, OEICs, equities, bonds (government gilts and corporate bonds), life assurances and cash. The Ascentric wrap platform allows IFAs and their clients to record assets and/or liabilities like property, mortgages, loans and life assurance policies.

Ascentric provides extensive facilities to administer:

	All the main UK tax Wrappers - ISA, SIPP, SSAS and Unwrapped
	Most types of assets - including funds, shares, bonds, gilts, options, policies and property
	Multiple cash accounts and interest facilities
	Bank connectivity for third party account processing
	A true client-centric view for the customer and adviser
	An Adviser Workstation for effective client management
	Portfolio management with automated portfolio realignment and consolidated dealing
	Full custody capabilities for nominee, certificated, CREST and external holdings
	Integrated online facilities including valuations and trading
	Ability to record and track non-custody holdings (e.g. insurance and other policies)
	High levels of back-office automation and straight through processing (STP)
	A comprehensive range of account, asset and transaction charging mechanisms
	Complete corporate actions module with automated client elections.