Nucleus Financial Platforms has acquired investment platform Third Financial, subject to regulatory approval.
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 ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
