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Inflows force Nucleus AUM through £1bn mark
A surge in inflows has taken assets under management (AUM) on IFA-owned platform Nucleus through the £1bn barrier.
The platform broke through the landmark £1bn figure for the first time since launch in 2006 and was fuelled by a three-month period when £200m flowed in.
David Ferguson, chief executive of Nucleus, said: "To have broken the magical £1bn barrier in less than three years is a huge achievement for the business, especially in the current economic climate, and keeps us well on track to break even.
"What is particularly pleasing is that every month is a record breaking month for us, not just in terms of the volume of assets coming onto the platform and the number of advisers using it but also in terms of the richness of the conversation amongst our IFA group.
"There is no question that the vision we had all those years ago is becoming reality."
