Nucleus to roll out execution-only wrap in Q3

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Nucleus is launching a white label, execution-only platform in Q3 which will help advisers build and market a direct wrap proposition for clients.

The execution-only wrap will offer an ISA, SIPP and general investment account (GIA) wrapper with a range of unit trusts, OEICs, equities, ETFs and potentially structured products. Investors will be able to invest in, and switch, products and run performance reports. Real-time equity trading will be available later in the year. Advisers will determine the make-up and branding of the direct to consumer platform and will also be able to restrict certain investment choices. "It is about us providing the infrastructure for IFAs to build and market their own direct propositions," said b...

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