Adviser platform Nucleus received £510m in new assets in the first quarter of the year, following 'record' inflows in 2014.
Gross inflows were up 6% on the same period last year reaching a total of £8.7bn. Last Q1 Nucleus received £481m in new assets towards its then total of £6.8bn. The increased activity led to a 26% upswing in year-on-year pre-tax profits for the quarter to £564,000, following full year 'record' profits of £2.5m. Nucleus' turnover increased 28% year on year to £6.8m. Chief executive and founder David Ferguson (pictured) said: "The past 12 months have been a hugely important period of development for us and now that we're operating on the latest platform technology and with a broader ...
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