Nucleus records first profitable month

Reaching the profitability mark comes just under three-and-a-half years since the launch of the IFA-owned wrap, with chief executive David Ferguson hailing it a "significant milestone". "We have posted our first profitable month in our 40th live month which is very quick," he says. "We now have significant opportunities ahead of us and are in a position of strength." Total assets on the platform now stand at over £1.5bn with 70 firms signed up as shareholders. Ferguson also reveals discussions with a further 20-30 firms are at a late stage. He adds Nucleus now will look to invest f...