Nucleus has published its latest financial figures on the back of its Aim listing last Thursday.
The float saw adviser users of the platform offered the chance to sell the shares they were offered as early adopters or to hold onto their stakes as investors.
For the six months to the end of June, Nucleus increased its number of active advisers by 3 per cent to reach 1,357 – a 7 per cent increase from the same point a year previously.
Assets under administration were also up nearly 6 per cent, passing £14bn.
However, some of the most significant growth has been in revenue, which hit £21.7m and is up 11 per cent on the first half of 2017.
Nucleus chief executive officer David Ferguson says: “I am pleased to report continued growth in active advisers, AUA and revenue despite ongoing market volatility. Our core audience continues to perform in line with expectations, supported by the increase in active advisers.”
As of this morning, Nucleus’ share price has ticked down from its entry into the market at 239.5p to 233.5p. It reached a high of 240p a day after listing.
Vertically integrated advice and wealth management firm Sanlam continues to be the majority shareholder with a 52 per cent holding, but other institutional investors including BlackRock have also acquired stakes in Nucleus.