Nucleus now just "weeks" from profitability

Ferguson also says three new adviser firms will sign up to the wrap next week taking the total number to 63. Reaching the profitability mark of around £1.2bn will come a little over three years since launch and the Nucleus chief says the landmark is particularly impressive given its low-cost offering. "We are the lowest cost wrap in the market and to be in a cash position in the first half of the year will be great," he says. "We might have reached profitability in the first quarter had the markets not wobbled." "This month will be the best ever month in terms of inflows and there ...