M&G to acquire digital retail wealth management platform Ascentric

On the 05.28.20 at 8:05AM


Tuba Raqshan

The British asset manager announced an agreement with Royal London for the acquisition of Ascentric, the digital wrap and wealth management platform for UK independent financial advisers.

The acquisition would bring £14bn of assets under administration to M&G, as well as relationships with more than 1,500 advisory firms acting on behalf of 90,000 individual customers.

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