Nucleus' assets under administration (AUA) grew by just under 7% in the year to 30 June, following a year of "substantial investment" in its platform business.
The Edinburgh-based adviser platform's AUA is up to £15.3bn from £14.3bn at the same time last year, while net revenue was up by around £1m over the same period to £22.1m. Nucleus launched several new platform enhancements this year, including a software upgrade, a Junior ISA product, improved phased drawdown capability, a new client portal and a new stockbroking service. The impact has been to see a 1.9% increase in the number of active advisers using the platform to 1,383 and a 5.5% increase in customer numbers, which reached 95,657 over the last year. However, the impact of inve...
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