Professional Adviser has learnt that adviser platform Nucleus has created a subsidiary company to launch its own discretionary model portfolios as a platform expert brands it a “poacher turned gamekeeper.”
According to public documents available on Companies House, Nucleus IMX is a subsidiary company owned by the platform. Nucleus chief David Ferguson is a director of the company. The activity of the company is for "the provision of discretionary portfolio management service to advisers and clients". The latest document - the firm's results to year-end 30 April 2019 - also stated the company had not traded "during the year or subsequent to" the year end, adding "it is not anticipated that this will change in the foreseeable future". In the past, Nucleus has not been shy of voicing its o...
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