Nucleus, the IFA-owned wrap platform, has signed up its twentieth adviser firm of 2008, taking the total number of firms to 50.
The new firms bring the number of individual IFAs using the Nucleus platform to more than 230 and take assets controlled by the owner-IFA firms to over £7bn.
The fiftieth firm to sign up to Nucleus was Westminster Financial Planning, a London-based business specialising in individual and corporate wealth management.
Mike Beckwith, managing director of Westminster Financial Planning comments: “Having looked at, and used, a number of the leading platforms on the market, we felt Nucleus was the only proposition that fully met the needs of both our business and our clients. We have worked hard to build a reputation for being truly independent and it was imperative our chosen platform complemented this.
"A key factor in selecting Nucleus was knowing that as part of the ownership structure we would have a say in the future development and direction of the platform, something no other proposition is able to offer.”
Nucleus business development director, Philip Martin comments: “To have 50 high quality IFA firms invested in and using Nucleus in less than 18 months is a tremendous achievement and something we are delighted about.
"The Nucleus proposition is all about empowering advisers, bringing them closer to their clients and in doing so giving them greater control of the advice process and we continue to be impressed by the number of IFAs that not only understand this but are also willing to make the necessary commitment.”
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