Nucleus Financial Group assets under administration increase by 19% to approach £19bn
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David Ferguson
Edinburgh-based financial services company Nucleus Financial Group has seen its assets under administration (AUA) increase by 19% year on year, approaching the £19 billion mark.
As of 30 June 2021, the company’s AUA rose to £18.9 billion, up 19.2% year-on-year and 5.1% on the previous quarter. By comparison, the FTSE All-Share Index increased 17.7% year on year and by 4.8% on the last quarter.
Across the second quarter of this year, the firm has reported gross inflows of £578 million - a 50% increase from Q2 2020.
Net inflows were £193m, up 17% from the same quarter the previous year.
At the same time, advisers actively using the Nucleus Wrap platform increased by 0.5% in Q2 2021 compared to the previous quarter and by 2.6% year-on-year. Customer numbers also increased by 1.0% in Q2 2021 compared to the previous quarter and by 2.9% year-on-year.
David Ferguson, Nucleus’ founder and CEO, commented: “The first quarter of 2021 was incredibly strong for new business activity, and it was pleasing to see inflow momentum continue throughout Q2 and to reach £19bn of AUA following the quarter-end.
“It was a particularly resilient performance given the ongoing uncertainty of the takeover process and reflects the ongoing achievements and fortitude of our people along with our commitment to continually improving the core platform proposition for our users.”
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