'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

Feel Good Friday: SM Advice launches multilingual service to expand advice accessibility

Feel Good Friday: SM Advice launches multilingual service to expand advice accessibility

Helping advisers and firms engage underserved communities in their native languages

Professional Adviser
clock 14 March 2025 • 1 min read
Inside Quilter Academy: The path to becoming a financial adviser

Inside Quilter Academy: The path to becoming a financial adviser

'The journey to becoming a financial adviser is not a straightforward one'

Chris Jones
clock 13 March 2025 • 5 min read
TrinityBridge financial planning head tackles Spring Forecast rumours

TrinityBridge financial planning head tackles Spring Forecast rumours

‘You always have to take all these with a pinch of salt’

Isabel Baxter
clock 13 March 2025 • 3 min read