Bath and Exeter-based IFA Fidelius has become the latest firm to snap up a stake in wrap platform Nucleus.
The addition takes the number of firms signed to the wrap business to 40, which accounts for more than 225 advisers.
Following several months of market analysis and proposition testing, Fidelius says it will adopt Nucleus as its key platform provider in a move toward wrap-centred development and growth.
Fidelius managing director Alan Phillips says: “The platform is one of only a few genuinely adviser-centric propositions in the market which allows sophisticated advisers to dictate and manage their clients’ affairs without the need for a middleman.”
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Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November