Scottish fintech company Nucleus Financial has announced plans to list its shares on the AIM market of the London Stock Exchange later this month.

Nucleus provides independent wrap platform services to over 2,200 adviser users across more than 800 financial adviser firms and is responsible for assets under administration (AUA) of £14.3 billion on behalf of more than 90,000 customers as at 31 May 2018.

David Ferguson, CEO and founder of Nucleus, said: “We started this business in 2006 to create value through greater strategic alignment of advisers and their clients. Our commitment to this goal drives the development of our award-winning platform and has enabled us to grow from AUA of £100 million in 2007 to more than £14.3 billion today.

“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.”

Angus Samuels, chairman of Nucleus, added: “Nucleus is a business that has been built in collaboration with advisers and we are proud to be embarking on the next stage of the Company’s development together. This is an exciting moment for the business and one we could not have achieved without the support of our dedicated team and community of supportive adviser users. We are looking forward to life as a listed company and the opportunities that lie ahead of us.”