Succession Advisory Services picks Ascentric to power its platform

Adviser consolidator Succession Advisory Services has selected Independent Funds Direct Limited (IFDL) to power its wrap platform.  

This is a double win for IFDL, a holding company of Ascentric, which was recently selected by Towergate as the preferred provider to drive its wealth management platform. 

IFDL will provide Succession with integrated fund management, stock broking, and cash management solution. It will have a transparent charging structure and choice of adviser charging models. 

Simon Chamberlain (pictured), chief executive officer of Succession said the company had been looking for a wrap provider capable of supporting the transition of assets ‘very quickly’. 

‘I am confident that IFDL can rise to the challenge – both businesses have a strong management team and reputable industry expertise.’ 

Richard Goodall, sales director at IFDL, said the deal proved its strength of offering. 'The Succession business model and consultancy services are outstanding and fully complementary to the platform solution we can provide them.'