Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a661190

Nucleus launches trusts to cater to family office trend

by Jun Merrett on Feb 25, 2013 at 10:05

Nucleus launches trusts to cater to family office trend

Nucleus has launched trusts on its platform, as it looks to cater to advisers’ increasing adoption of family office offerings.

The offering includes bare, discretionary, onshore and onshore bond discretionary gift trusts.

Over the next month protection, discretionary loan, interest in possession and spousal bypass trusts will launch on the platform.

Barry Neilson (pictured), business development director at Nucleus said: ‘86% of our IFAs do regular trust planning and we’ve seen a change in how the industry sees trusts.

‘Our average adviser age is 46, and so they’ve still got many years ahead and there’s an evolution in the market with the younger advisers who are focused on family offices and intergenerational cascading assets.’

Adrian Murphy, associate partner at Murphy Financial said: ‘This is absolutely essential, especially for the type of high-net-worth clients we have where inheritance tax is always an issue.’

4 comments so far. Why not have your say?

l'ifa passeport en provenance de France

Feb 25, 2013 at 10:39

all this family office, passive malarky will end in tears

report this


Feb 25, 2013 at 11:51

@ L'ifa

yup, it will, but who picks up the bill?

report this


Feb 25, 2013 at 12:19

Well, I think it's a great idea.

Why all the doom and gloom?

And who mentioned passives anyway?

report this

Ric Green

Feb 25, 2013 at 12:21

I would be interested to see how many families there out there who need their own office. My understanding of a family office has always been own staff, assets in excess of £50m and investment strategies beyond simple long-only passives. Anything less than that and it was what most people call "advising a rich client on investments and tax". However I'm sure from a marketing perspective it adds something different.

probably keeps the life coach happy/in a job.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy

Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:


Sorry, this link is not
quite ready yet