M&G, an investment manager, completed the acquisition of Ascentric, a digital wrap and wealth management platform from Royal London, a mutual life insurance service provider. Financial terms were not disclosed. "This is a compelling transaction for Ascentric. It is very clear that M&G is aligned with our values and ethos and represents a good home for our advisers, strategic partners and staff. M&G is well-placed to take us on the next stage of our journey leveraging its scale to grow the business. We look forward to working with M&G to support our clients and customers going forward as well as through the transition from Royal London's ownership," Rob Regan, Ascentric CEO.