Manchester-based CBG Financial Services has selected independent wrap Ascentric as its preferred platform solution to power its transition to a post-RDR world.
Part of the AIM listed CBG Group, CBG Financial Services has segmented its clients and those who are suitable for the new proposition have in excess of £100 million in assets under influence.
Today's announcement followed a rigorous due diligence process designed to ensure the selected platform met their core requirements for an independent, flexible and cost effective service compatible with the core themes of RDR.
Ascentric's ability to provide a consistent administrative and client process as well as its integration with leading back office suppliers will enable CBG Financial Services to proactively move new and existing assets into a single, more flexible and cost effective environment.
Steve Rees, Managing Director of CBG Financial Services, feels this is a very positive move for the business commenting, "For sometime, we have been seeking a comprehensive and cost effective platform to support our Wealth Management proposition. It is our view that Ascentric provides the best combination of investment choice, functionality and competitive pricing. Adoption of Ascentric will help drive further efficiencies into our business, linking platform and CRM technology to smooth the transition to a post RDR world."
Richard Goodall, Sales and Marketing Director at Ascentric added, "CBG Financial Services is a growing, dynamic firm of advisers with very high expectations of how technology can be used to power the future growth of their business. Of equal importance was their need to select a platform that adheres to the principles of RDR. I am therefore very pleased that we have been able to prove our value in both of these core areas, and I firmly believe that our platform technology solution will blend perfectly with the service they offer to their clients.