'I hope they keep the ethos': Advisers react to Nucleus acquisition

£145m deal

Sophie King
clock • 4 min read

Advisers who use the Nucleus platform are hoping the private equity takeover by James Hay's owner does not impact the service provided by the technology firm.

On Monday morning (9 February), it was revealed that James Hay had reached an agreement to acquire the AIM-listed rival platform for £145m. Santorini Financial Planning managing director Matthew Walne, who is an avid Nucleus user, said: "We knew something was going to be happening soon enough. I think it was a case of who it was going to be." Both he and his clients like using the Nucleus platform, so he hopes the purchase does not have an impact on the user experience. "My initial thoughts are is James Hay a good fit? I don't know really," Walne added. "I hope they keep the best b...

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 Your profession

TISA warns FCA's targeted support could 'cause confusion' and hinder rollout

TISA warns FCA's targeted support could 'cause confusion' and hinder rollout

Industry group calls for more flexibility on disclosure

Sahar Nazir
clock 17 October 2025 • 2 min read
You can always make more money, but you can't buy more time

You can always make more money, but you can't buy more time

What’s the ROI on a memory that lasts forever?

Chris Ball
clock 16 October 2025 • 3 min read
Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 16 October 2025 • 1 min read