Assets under administration (AUA) reached £13.6bn at the end of 2017, up 22% from an AUA of £11.1bn at the end of 2016 as a result of a rising equity market and an increase in net inflows over the course of the year.
I believe we are poised to accelerate this progress even further over the coming year by remaining fully committed to investing in next generation technology...David Ferguson, Founder and CEO , Nucleus
Gross inflows increased by 41% to £2.6bn as a consequence of improved market sentiment and investor confidence while net inflows for the full year increased by a substantial 72% from £1.0bn to £1.7bn representing a gross/net ratio of 64%. Revenue increased to £40.4m in 2017, a 21% increase on the £33.3m reported for the previous year.
Stuart Geard, chief financial officer of Nucleus, added: “2017 was another extremely positive year for Nucleus with growth across all of our key metrics. Our AUA grew 22% to £13.6bn and we are delighted to announce a record operating profit in this, our sixth year of continuous growth in profits..."