Old Mill has over 5,000 clients nationally and more than £500 million ($825 million) assets under influence, the firm said in a statement.

The privately owned company offers services such as accountancy, tax consultation and financial advice.

“It’s been a real eye opener for us dealing with Ascentric, who from the off instinctively understood our requirements and have fully engaged with us in making those requirements a reality. The dynamism of their technology combined with their strong service proposition makes me very confident that this will be the start of a long-term relationship,” said Simon Cole, managing partner at Old Mill.

Old Mill’s statement follows similar announcements made by Master Adviser and Skerritt Consultants during the last few weeks.