Advisers spending less than half their time with clients - Nucleus

'Capacity issues'

Sophie King
clock • 2 min read

Six out of seven Nucleus users reckon they spent less than 40% of their time with clients last year, according to a poll undertaken by the adviser platform.

Nucleus's 2019 census, which surveyed more than 250 advisers who have clients on the platform, found about a third of users saying they spend 40% or more of their time on administration - a significant increase on 11% last year. Meanwhile, just one in seven Nucleus users spent more than 40% of their time with clients, down from one in five last year The census also suggested the average adviser looks after 163 clients - a 9% increase year-on-year. Two-thirds of those polled expected this number to rise again in the next year. The firm also discovered that a third of firms turn away at...

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

Quilter reports platform net inflows of £1bn in first quarter

Quilter reports platform net inflows of £1bn in first quarter

Ongoing adviser charging review to start shortly after FCA talks

Jenna Brown
clock 24 April 2024 • 2 min read
Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read