Nucleus has launched an advisory board of 12 advice and financial planning companies, in a bid to encourage high levels of adviser input in its wrap platform.
Founded in 2006 by seven advice businesses, Nucleus currently provides wrap platform services to 1,370 active advisers with assets under administration of £14.8bn.
The platform announced yesterday (April 30) its advisory board is expected to meet on a quarterly basis to provide adviser feedback on industry topics including investment markets, regulator and platform pricing.
The 12 member companies include Grayside Financial Services, Addidi, Equilibrium, Finance Shop, Fortitude Financial Planning, Goodmans Financial Planning, Helm Godfrey, Life Matters Financial Planning, Murphy Wealth, Smith & Pinching, The Financial Planning Corporation, and Wellington Wealth.
Mike Seddon, managing director of Grayside Financial Services, will chair the board and each of the 12 member firms will be represented by an individual senior member of their business.
The new board replaces its predecessor following Nucleus' listing on the London Stock Exchange in July 2018, and will report to the Nucleus board of directors.
Barry Neilson, chief customer officer at Nucleus, said: "Advisers have always been at the heart of everything we do at Nucleus. As the previous advisory board was disbanded as part of the stock market listing, we made it clear we wanted adviser engagement to continue and have them feed into the development of the business.
"I am delighted that we have been able to relaunch this initiative with a wider and more diverse range of firms and I am confident Mike and the rest of the advisory board will challenge and improve Nucleus through the work they will do."
Mike Seddon, chair of the Nucleus advisory board and managing director at Grayside Financial Services, said: "The platforms that will continue growing are the ones that have an engaged adviser audience.
"Nucleus has been excellent at doing that since inception and I am really pleased the advisory board will continue in a new form."
rachel.addison@ft.com
