Nucleus: Advisers 'struggling' to grow business despite positive outlook

Good staff demand a premium salary

Nicola Brittain
clock • 2 min read

Advisers are "struggling" to find new staff despite growth in demand, according to Nucleus director Barry Neilson, following the release of a new report.

The report, called Nucleus Census, questioned 200 advisers about themselves, their business, their clients and their views on the industry. Nucleus produces the report on a yearly basis. The survey found  100% of users were either positive or extremely confident about the future of their business, as was the case in 2014 and 2015, and that this positivity appears to be well-founded. The report states that average gross turnover improved year-on-year with almost 72% of adviser firms who responded generating a turnover of more than £400,000 in 2015. Neilson said: "The majority of advise...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Aberdeen's Kenny: 'We are not just going to switch Elevate off'

Aberdeen's Kenny: 'We are not just going to switch Elevate off'

Admits adviser communication on Elevate has been lacking

Jenna Brown
clock 10 June 2025 • 4 min read
Schroders UK Platform Awards 2025: Entry closing date fast approaching!

Schroders UK Platform Awards 2025: Entry closing date fast approaching!

Shortlists will be published in early July

Professional Adviser
clock 05 June 2025 • 1 min read
Parmenion group operating profit rises to £17.5m in 2024

Parmenion group operating profit rises to £17.5m in 2024

Platform’s flows doubled during the 12 months to 31 December

Jenna Brown
clock 03 June 2025 • 2 min read