Wrap platform Nucleus has reported a 34% increase in inflows, year on year, boosted by a post-Retail Distribution Review (RDR) surge in business.
Inflows to the platform rose from £325m in the fourth quarter of 2012 to reach £435m by the close of 2013. Nucleus chief executive David Ferguson (pictured) said: "Nucleus is a growing business and we have enjoyed a post-RDR surge. We are off to a good start this year and looking forward to another good year. " Passive investment specialist Vanguard is the biggest fund group on Nucleus, followed by M&G and Dimensional. The Platforum identified Nucleus as the fastest growing platform for the three months ending September as assets under administration rose 8.8% to reach £5.9bn.
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