'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

Professional Adviser TV: Creative ways to tackle the advice gap

Professional Adviser TV: Creative ways to tackle the advice gap

With Octopus Money CEO Ruth Handcock and financial adviser Kristian Manton

Professional Adviser
clock 25 April 2025 • 1 min read
Economic secretary confirms wholesale ISA review as experts demand sweeping reform

Economic secretary confirms wholesale ISA review as experts demand sweeping reform

LISA reform front and centre

Beth Brearley
clock 24 April 2025 • 2 min read
 MorganAsh introduces customer support tracking to vulnerability platform

MorganAsh introduces customer support tracking to vulnerability platform

Recording suggested next steps

Jaskeet Briah
clock 24 April 2025 • 2 min read