Nucleus increases AUA to £2.6bn in Q1
Nucleus has increased assets under administration by 86 per cent to £2.6bn in Q1 2011 compared to £1.4bn for the same period in 2010.
Inflows in Q1 rose 36 per cent to £366m compared to £270m for Q1 2010, an increase of 16 per cent compared to Q4 2010.
Revenue increased 113 per cent to £2.2m in Q1 2011 compared to £1m in Q1 2010. The number of advisers using the platform is now 1,100 compared to 600 in Q1 2010, an increase of 83 per cent.
Nucleus chief executive David Ferguson(pictured) says: “It is extremely pleasing to see the tremendous momentum built up in 2010, which culminated in a successful rights issue that generated £15m of new capital, continue into 2011.”