Fintech assets break £15bn

Published: 29 July 2019

Nucleus Financial Group has revealed that assets under administration (AUA) have pushed past the £15 billion mark.

AUA continued to rise at the Edinburgh-headquartered fintech in the three months to 30 June, climbing 6.9 per cent year-on-year and 3.9 per cent from the previous quarter to £15.3bn.

We intend to continue to build on this momentum with a series of further enhancements that will improve service delivery and operational resilience...

David Ferguson, Founder and Chief Executive, Nucleus

 

Nucleus, which provides wrap platforms for financial advisers, contrasted its growth with the FTSE All-Share Index, which fell by 3.5 per cent year-on-year and increased 2 per cent over the quarter.

Advisers actively using the platform increased to 1,383, up 1.9 per cent year-on-year. Nucleus also said it had continued to invest in its core platform, boosting its pensions and drawdown offerings as well as switching its stockbroking service to lower costs...

Full story via The Edinburgh Evening News

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