Nucleus hits £8 billion funds milestone

David FergusonNucleus, the Edinburgh-based wrap platform, has hit a new milestone in assets under administration.

The company broke through £8 billion on 28 December following an intense period of record inflows.

It said the figure had been reached eight years to the month since it first went live just before Christmas 2006.

The platform now has more than 450 adviser firms across the UK, with more than 6,000 users accessing the platform to meet the financial planning needs of some 65,000 clients.

Nucleus is currently the second-fastest growing platform in the UK and the fourth largest adviser wrap platform in the country.

David Ferguson, founder and chief executive said: “2014 was challenging for us but having attracted £2bn of inflows, hit £8bn in AUA, completed a major technology upgrade, strengthened the senior management team and achieved record financial results it was also a year of notable progress which helps fuel our excitement for the future.”

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