Swansea-based Estate Capital Financial Management has become the latest firm to join IFA-controlled wrap Nucleus.
The firm of chartered financial advisers has taken an equity stake in Nucleus and says the wrap's ownership structure played a key role in it signing up.
"We felt that the Nucleus proposition and thinking was most closely aligned with our own philosophy," says MD Chris Davies. "In addition, the ownership structure ensured we would continue to have our say in the future direction of the platform, something that was important to us."
Founded in 2004, the seven-strong team of Estate Capital provides financial solutions to both corporations and individuals.
Earlier this month, Nucleus revealed it is in talks with shareholders in a bid to raise £15m in a debt restructuring exercise. The rights issue plan comes amid a strong set of financials for the wrap, with Q1 inflows up around 250% compared to last year and annualised turnover now exceeding £6m.
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