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Nucleus launches trusts to cater to family office trend
by Jun Merrett on Feb 25, 2013 at 10:05
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.’
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