Verso transfers investment management arm custody to Third Financial

Through this deal, it is expected that more than £250m in assets under management will be transferred over the next few months. The initial five-year deal grows the Nucleus group's existing relationship with Verso, following the announcement that it would be powering Verso's platform earlier this year. Speaking to PA at the time, Verso ruled out incentivising advisers to migrate assets to its newly launched platform, developed in partnership with Nucleus. Nucleus acquired Third Financial in May 2024. Verso will become the third new client in recent months for Third Financial, fo...