View more on these topics

The heart of the matter

As a relatively new business, we have watched the launch of wrap propositions with interest and just before Christmas began a fact-find exercise followed by detailed due diligence on our short list of wrap providers.

Our core values are based on transparency, trust and value for money, so the two key elements of the benchmarking had to be cost-effectiveness and transparency of costs for clients.

After some serious deliberations, we opted for Nucleus. As a start-up company, it does not have the bells and whistles – as yet – of some of the other propositions but as an adviser do I want clients paying for bells and whistles they may never need? No, not really.

What I want and what Nucleus provides is access to all the tax wrappers (Isas, Peps, pensions, bonds and so on). It also allows me to hold whichever fund I deem suitable for my clients. Nucleus does not dictate my fund choice because it cannot negotiate undisclosed payments for itself while calling its service “free”.

Finally, I can buy funds at net cost, that is, a nil or very small bid/offer spread and a typical annual management charge of 0.75 per cent.

In terms of administration, Nucleus makes our life simpler. There is a simple application process and we can undertake fund switches and rebalancing quickly and efficiently. Clients can have access to their portfolios.

This is what I call beautiful – simple to use for us, yes, but great value and no hidden costs for our clients.

This is the shape of things to come and I do not have one moment’s hesitation in recommending Nucleus to our clients or other IFAs.

Anna Sofat is a director at AJS Wealth Management.


‘Rate rise does not go far enough’

F&C growth and income manager Ted Scott has hit out at the Bank of England’s monetary policy committee for raising the base rate by just 0.25 per cent.Scott says although rates are now at 5.5 per cent, the highest level since 2001, the committee could have gone further to tackle inflationary demands, meaning another rise […]

Sesame advisers split over Friends Prov deal

Sesame advisers are divided over the firm’s acquisition by Friends Provident with some fearing it will compromise their businesses and others believing it will not make a difference.

Gordon Brown pledges further 100,000 homes

Gordon Brown has said he wants to see five new eco towns built in a bid to combat the South East’s housing shortage.As part of his leadership campaign, the chancellor promised to build 100,000 properties on old industrial sites.He told Sunday AM he wanted to go further than Margaret Thatcher in extending home ownership.“A home-owning, […]

Commuter nightmares

In my most recent article, I outlined the contents of an announcement from the Institute of Actuaries relating to the variability in commutation factors for retiring members of final-salary schemes. I would now like to develop the implications of this with regard to the advice given by advisers to these individuals.

Great expectations for Japan

By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]


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