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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.

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