Assets rise

Nucleus enjoys strong quarter ahead of takeover

David Ferguson

David Ferguson: ‘resilient performance’

Nucleus, the Edinburgh wrap platform awaiting FCA clearance of its takeover by James Hay, said it had enjoyed an “incredibly strong” quarter.

Assets under administration for the three months to 30 June rose by 19.2% to £18.9 billion. This was 5.1% higher than the previous quarter.

By comparison, the FTSE All-Share Index increased 17.7% year-on-year and by 4.8% on the last quarter.

There were gross inflows of £578m, a 50.5% increase on Q2 2020. Net inflows were £193m, up 17%.

Advisers actively using the platform increased by 0.5% in Q2 2021 compared to the previous quarter and by 2.6% year-on-year.

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