Nucleus reaffirms commitment to IFA ownership

The algorithm which formed the basis of ownership allocation, linking an adviser's stake to the amount held on the platform, was frozen in December following the introduction of regulatory requirements related to adviser charging. Advisers will still be able to become shareholders in Nucleus in future but the size of the shareholding will no longer be related to the amount held on platform. Nucleus chief executive David Ferguson said: "The NIFAC business model had always been to receive subscriptions from new firms in return for a shareholding in NIFAC and 'access' to the exit algorit...