Nucleus assets rise to £2.9bn as three firms join

Wrap platform Nucleus has signed up three further IFA firms taking its assets under administration to £2.9 billion.

Finchley-based Philip Masters IFA, Staffordshire-based Intelligent Wealth Partnership, and London-based Totus Wealth Matters have joined Nucleus.

Barry Neilson (pictured), Nucleus’s business development director, said the wrap was seeing an increasing number of firms looking at platforms.

‘We are seeing a significant acceleration of firms undertaking wrap platform due diligence and looking to partner with a wrap proposition that reduces their reliance on traditional providers,’ he said.

‘With the amount of interest we are seeing from other high-end IFA firms, I am confident that the second half of the year will see the business continue to thrive.’

Former New Model Adviser® cover star Mike Godfrey joined the wrap with the launch of his new firm Cube Financial Planning, which we revealed last month.