Positive market movements in the first three months of 2019 contributed to a 6.3 per cent rise in assets under administration on the Nucleus platform.
The platform had assets of £14.8bn at the end of March 2019, an increase of 9.1 per cent on the same quarter in 2018, and £197m higher than at the end of December 2018.
Net inflows fell to £134m in the first three months of this year, compared with £185m for the previous quarter, but market movements contributed £735m of assets, compared with a negative contribution of £994m at the end of 2018.
Inflows during the quarter increased by £4m to £466m while outflows increased by £55m to £332m.
David Ferguson, founder and chief executive of Nucleus said: "Gross inflows steadied quarter-on-quarter, building momentum throughout the period, particularly in the run up to the tax year end.
"We completed a change to our technology and [business process outsourcing] services model in Q4 2018 with the intention that this will improve our change velocity and I’m pleased to report that Q1 has borne this out with a significant upgrade to the core platform software, the launch of our new Junior Isa product, and the beta launch of our new client portal, Nucleus 'Go' all successfully completed in the quarter.
"We also completed our Mifid II regulatory costs and charges disclosure after the reporting period in April 2019 and are looking forward to building on this change momentum throughout the year."
The platform said the number of advisers actively using the platform increased "marginally" to 1,376 over the first quarter while customer numbers rose by 5.3 per cent to 94,144 over the three month period.
david.thorpe@ft.com
