The wrap platform - which allows clients to consolidate their investments and other financial assets in one place - reported that its AUA was up to £15.3 billion from £14.3 billion as the FTSE All-Share Index fell 3.5%.
We continue to grow assets, revenue, profits, customers and advisers...and I am excited by what we can achieve...David Ferguson, Founder and chief executive , Nucleus
In its half-year report, Nucleus said it had invested heavily in its core platform with a software upgrade, introducing a Junior Isa, improving phased drawdown capability, launching a new client portal and stockbroking service.
Nucleus reported that net revenue grew by 4.6% over the six months to June 30, that adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) was in line with expectations at £4.6 million.
John Moore, senior investment manager at Brewin Dolphin, said: “Nucleus has produced another set of promising results against what has been a difficult environment for activity and competition..."