Reaction after Nucleus buys Genpact WM

Nucleus's acquisition of Genpact Wealth Management will reduce operational friction and help make life easier for advisers, according to experts. The deal is expected to be completed by the end of the year. The lang cat consulting director Mike Barrett said the deal makes a lot of sense and is good news for advisers. "Nucleus have always done well to manage the outsourced servicing, but occasionally we hear advisers saying it can cause problems when things fall in between the two parties," he said. "By bringing all the servicing in house these occasional problems should become a th...