Nucleus receives FCA green light for Third Financial acquisition

First revealed in February this year as the platform looks to build scale

Isabel Baxter
clock • 1 min read

Nucleus Financial Platforms has received approval from the Financial Conduct Authority for its acquisition of Third Financial.

This comes after the news of the buy was announced by the platform in February this year and it is expected that this deal will take Nucleus' platform assets under administration (AUA) to circa £90bn. The acquisition aims to enable Third Financial to expand its ‘adviser-as-a-platform' proposition, offering a range of platform, product and software solutions for advisory businesses and consolidators, as well as discretionary fund managers (DFMs). Nucleus said that Third Financial is "fully aligned" with its strategy of building scale so it can continue investing in product, service, an...

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