Nucleus AUA up £1bn in 2019

Following year of 'substantial investment'

Mike Sheen
clock • 2 min read

Nucleus' assets under administration (AUA) grew by just under 7% in the year to 30 June, following a year of "substantial investment" in its platform business.

The Edinburgh-based adviser platform's AUA is up to £15.3bn from £14.3bn at the same time last year, while net revenue was up by around £1m over the same period to £22.1m. Nucleus closes head office due to flooding Nucleus launched several new platform enhancements this year, including a software upgrade, a Junior ISA product, improved phased drawdown capability, a new client portal and a new stockbroking service. The impact has been to see a 1.9% increase in the number of active advisers using the platform to 1,383 and a 5.5% increase in customer numbers, which reached 95,657 over...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

AJ Bell Investcentre cuts custody charges on its platform

AJ Bell Investcentre cuts custody charges on its platform

Increased interest on cash

Cristian Angeloni
clock 05 April 2024 • 2 min read
DIY investment market hits £392bn as top five platforms remain dominant

DIY investment market hits £392bn as top five platforms remain dominant

Hargreaves Lansdown market share slips

James Baxter-Derrington
clock 26 February 2024 • 1 min read
Hargreaves Lansdown profits drop 8% as platform ramps up technology spend

Hargreaves Lansdown profits drop 8% as platform ramps up technology spend

Net new business slows to £1bn

Valeria Martinez
clock 22 February 2024 • 2 min read
Trustpilot