Nucleus breaks £1bn AUM barrier

clock

Nucleus has passed the £1bn barrier in assets under administration, the IFA-owned wrap announced today.

The landmark comes after a surge of inflows that will see the business register its first £200m quarter and less than three years since launch. Nucleus currently has 352 IFA users and is set to sign up its 60th member firm. Chief executive David Ferguson says hitting the "magical £1bn barrier" in less than three years is a huge achievement and keeps Nucleus on track to break even. "What is particularly pleasing is that every month is a record-breaking month for us, not just in terms of the volume of assets coming on to the platform and the number of advisers using it, but also in term...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

AJ Bell platform hits record AUM as inflows rise 19%

AJ Bell platform hits record AUM as inflows rise 19%

13% rise over the past year and a 1% increase in the quarter

Linus Uhlig
clock 24 April 2025 • 2 min read
Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read