Nucleus set to float on AIM

David Ferguson

Platform Nucleus is listing on the Alternative Investment Market in a deal that could value it around £150m.

Dealings in the shares are expected to start on AIM later in July.

Reports emerged in March Nucleus was considering listing on the London Stock Exchange and had appointed a broker to oversee an IPO.

Sky News reported last week the float could value the company around £150m.

Nucleus had been eyeing a float in 2016, but withdrew its plans after feedback from advisers suggested they should concentrate on innovation and efficiency improvements before any listing.

Nucleus has more than 2,200 adviser users across 800 firms and is responsible for assets under administration of £14.3bn on behalf of more than 90,000 customers as at 31 May 2018.

Since the end of 2012, assets under administration in the advised platform market has grown from £123bn to around £350bn and is projected to grow to £745bn by the end of 2021.

Nucleus chief executive David Ferguson says: “Nucleus has been an exciting journey so far and we expect this admission to AIM to mark an important milestone in the business’s maturity and to open up new opportunities for us.

“We remain committed to keeping adviser/client alignment and transparency at the heart of what we do and to continue developing a market-leading platform and best in class customer service to deliver on our objectives.”

Nucleus recently reported a 19 per cent increase in operating profit to £5.1m for the 12 months to 31 December 2017.


Delivering advice and guidance in the workplace

Three advisers share their ideas and experiences of helping employees with their financial decisions The workplace is instrumental in engaging people to save for retirement. How are advisers helping employers provide advice or guidance to their employees? Telephone guidance Financial education provider and advice firm Wealth at Work recently launched a telephone guidance service to […]


How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]


Auto-enrolment arrives but is it a done deal for small firms?

When business secretary Vince Cable told the Liberal Democrat party conference he had defeated the Tory “headbangers” who “find sacking people an aphrodisiac”, there was little doubt who he was thinking of – Adrian Beecroft. The Beecroft report, which was commissioned by the Government and published in October last year, contains a series of radical […]

Help to buy – ISAs and LISAs

Melanie Tynan – Financial Capability Project Manager   House prices continue to rise in many parts of the UK with cities like Manchester recording increases of 6.6% and higher in the last year, according to the latest Hometrack house price index*. This can make it seem harder than ever for first-time buyers to get a foot […]


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