Seven more IFA companies have taken up a stake in Nucleus Financial Group, taking the number of adviser firms signed with the wrap to 20.
Total advisers using the platform is now around 150, while the assets controlled by the 20 owner firms equal £7bn. Nucleus says the seven were subjected to a “rigorous due diligence process” by its acceptance committee, and have all taken an equity stake in the company. “To have 20 IFA firms of such quality invested in and using Nucleus so soon after going live is a significant achievement and something we are extremely proud of,” Nucleus chief executive David Ferguson says. “The level of interest we have had from high-end IFA firms has been overwhelming and clearly demonstrates a desire...
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