In the three months to 31 December 2019, Nucleus has seen its AUA increased by 16.3% to reach £16.1 billion. This is a 2.8% increase over the previous quarter. By comparison, the FTSE All-Share Index increased 3.3% on the last quarter and 14.2% year-on-year.

The company’s gross inflows increased for the fourth consecutive quarter, to £497 million, a 7.6% increase on the fourth quarter of 2018. Net inflows showed a marked improvement on the previous quarter, increasing 37.8% to £153m.

Advisers actively using the platform increased 3.8% on the last quarter and 3.3% on Q4 2018, to 1,442, whilst the firm’s customer numbers increased 1.6% on the last quarter and 3.4% on Q4 2018, to 96,857.

Continued investment in platform development delivered significant new trading functionality and improved bulk switching capability, and the Company completed successful live testing of new telephony infrastructure.

Nucleus was also awarded a 5-star service rating at the annual Financial Adviser Service Awards in November 2019.

David Ferguson, Nucleus’ founder and CEO, said: “We’re really pleased with the 16.3% increase in AUA over the last twelve months and, in particular, to post a fourth successive quarter of gross inflow growth, especially against the backdrop of investor uncertainty during most of 2019.

“It was especially pleasing to see net inflows improve in the last quarter – these had held steady across Q2 and Q3 but increased by 37.8% in Q4. While still early days, this positive momentum has continued into the new year and we feel well-positioned to build on this.

“Q4 saw further significant investment in the business with new functionality that allows the placing of multiple trade instructions at the same time, a process our users tell us will save considerable processing time. Further enhancements included improved bulk switching capability, enabling more efficient adviser performance, and the successful live testing of new telephony infrastructure.

“Each of these enhancements has resulted in improved service delivery, engagement with users and resilience, and this was underscored with the award of a 5-star service rating at the Financial Adviser Service Awards in November.”

The results for the year ending 31 December 2019 will be announced on Tuesday 24 March.