View more on these topics

Nucleus aims to boost IFA numbers

Nucleus is looking to nearly double the number of advisers using its platform by the end of the year.

There are currently 74 IFA firms on the platform and Nucleus wants to host an additional 50 to 60 by the end of the year. Around 1,100 advisers are using the platform.

Nucleus is aiming to increase the platform’s assets under management, currently at about £3bn, to between £25bn and £30bn by 2014. Its target for the end of 2011 is £4bn.

Nucleus says that the platform could also allow users to trade investment trusts and other highly liquid assets in real time as early as next year.

In April, Nucleus joined Quilter and Paradigm in a joint agreement to house the Paradigm discretionary portfolio service, consisting of five investment strategies.

Nucleus business development director Barry Neilson says the platform plans to expand its range of discretionary portfolio models to between 12 and 15 by the end of the year.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm