IFA duo snap up stake in Nucleus

Booth Wealth Management and Applewood Asset Management are the latest firms to join the wrap, since the seven founding IFAs went live with the business in December 2006. Nucleus says the two went through a due diligence process and have been approved by the acceptance committee. David Ferguson, Nucleus chief executive, says the firms have also taken an equity stake in the platform. “The level of interest we are getting from high-end IFA firms is overwhelming and demonstrates a desire from that part of the IFA community for a truly independent wrap proposition that puts them in control...