Nucleus inflows up 36% in record first quarter

The wrap saw revenues increase to £2,207k during the quarter - an uplift of 113% compared to the same period last year. Assets under administration also increased 15%, taking total AUM to over £2.6bn. Q1 inflows were £366m - a 36% increase from the Q1 2010 figure of £270m and a 16% rise from the £315m recorded in the fourth quarter. The first quarter figures come on the back of what founder David Ferguson (pictured) hailed a "pivotal" year for the business. In 2010, the wrap completed a successful rights issue which generated £15m in new capital and resulted in the group being debt...