Nucleus snaps up fellow platform Third Financial taking assets to £90bn

Third Financial is an investment platform and front-to-back wealth management software provider for discretionary wealth managers, multi-family offices, and adviser consolidators. It has over 50 clients in the UK with £6bn of assets under administration (AUA) on its platform and a further £40bn of assets administered via its software system, Tercero. Through the acquisition, Nucleus said it hopes to extend the platform solutions it offers advice firms and benefit from Third Financial's technology, enabling an ‘adviser-as-a-platform' proposition for larger businesses who want to offer ...