Nucleus inflows drive half-year profits to £1m

Nucleus saw its inflows increase from £612m in the first half of 2013, helping the platform increase assets under administration by roughly a third compared to the same time last year, at £7bn. Turnover also climbed 26% year-on-year, to £11.1m. The increase in inflows and AUM drove a huge jump in first half operating profit, which hit £1m. If the platform's growth continues at the same pace for the rest of the year, profits look set to eclipse last full year's £1.7m.  Chief executive David Ferguson added July - outside the scope of the report - was Nucleus' best ever month for gross i...