• Text size      
  • Send this article to a friend
  • Print this article

Nucleus back in profit after success of industry reforms

NUCLEUS, the Edinburgh-based financial adviser platform, has moved into profit on the back of adviser success following industry reforms, writes Simon Bain.

The group increased assets under administration by 37% to £6.2billion last year, while pre-tax profit raced from £100,000 to £1.7m. Gross inflows on to the platform rose 26% to £1.7bn and turnover was up 38% to £18.8m.

The business now looks after the clients of over 500 advisory firms, adding 65 during 2013, representing a total 1600 financial advisers in the UK.

The business also responded to a profit squeeze across the platform market by reducing charges for larger portfolios.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.