Led by head of managed portfolio services, Adam Hughes, and a team of investment managers, the service is aimed at intermediaries and incorporates both income and growth options across a range of asset classes. There are a range of portfolios on offer, each with specific objectives in mind and reflecting a different approach to risk.
Paul Miles, director of intermediary services at Ashcourt Rowan, said the plan was to help adviser firms to transition their businesses in preparation for the post RDR world.
“It seems that our ability to offer a customised solution specific to the adviser is refreshing for many and works incredibly well in association with the Ascentric platform,” he said.
2011 has been a busy year of change and expansion for Ashcourt Rowan, culminating with the hire in August of Jonathan Polin as chief executive in place of Mark Cheshire, and Buzz West as non-executive chairman.
In July, the firm reported that revenue growth from its financial planning actives had grown 68% in Q1. However, while revenues soared, the firm also reported a £17m loss for the year to 31 March.
