Betafolio hits £100m AUA mark and expects to breach £400m

Betafolio hits £100m AUA mark and expects to breach £400m

Betafolio, the UK’s premier Turnkey Asset Management Provider (TAMP) offering, which launched in March 2020, has smashed through the £100m in AUA mark and is now available through three additional platforms: Ascentric, Aviva and Standard Life Wrap. This takes the total number of platforms to 8.

Advisers have entrusted Betafolio with £100m of client assets in just 9 months. At this rate, Betafolio expects to breach £400m in AUA by the end of its second year, and £1bn by the end of year 3.

Abraham Okusanya, Betafolio Founder, says: “The existing Model Portfolio Service (MPS) market is expensive, runs on archaic technology and a shakeup is long overdue. With a typical MPS costing over 0.30%, around £100bn client assets are stuck in expensive, underperforming discretionary MPSs. Betafolio’s low-cost, flat-fee proposition and ControlCenter technology is a real game changer in the marketplace.”

A spokesperson from Aviva, said: ”MPSs run on a discretionary basis are the fastest growing investment segment by advisers using platforms today. At Aviva, we are keen to grow this exciting market segment further and are pleased to be working alongside Betafolio as one of the latest MPS Managers to have models hosted on the Aviva platform.

We wish Betafolio the best for their plans in 2021 and look forward to working with the team over the coming year’.”

A spokesperson from Standard Life, added: “Our growing range of platform partners allows us to take our services to a wider range of advisers, who know we can help them deliver a low-cost solution that will benefit their business and their clients.”

For further information please visit the Betafolio website 

 

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