Nucleus Financial Group

Nucleus Financial Group

Nucleus Financial Group is a new type of financial service company founded in 2006 by former insurance industry professionals and a group of high quality independent financial advisers (IFAs).

At its core, the business is an electronic platform that allows IFAs to combine or ‘wrap’ all of their clients’ investments into a single manageable online account. This means their portfolios can be viewed at a glance, giving instant valuations and allowing variations to clients’ holdings to be made.

The business is owned and controlled by its community of member-IFA firms which means they are able to take a real and active role in shaping the future development and direction of the platform ensuring it continues to meet their and their clients’ needs.

£2.7billion in assets

In just over four years the business has attracted over 80 of the UK’s leading IFA firms into its ‘community’ and currently has £2.7bn of assets on the platform.

The Nucleus platform provides IFAs with six accounts: a general account for direct holdings and five others for ISAs (Individual Savings Account), pensions, protected rights pensions, and an offshore and an onshore bond account. Within each account, subject to regulations, clients may invest in unit trusts, OEICS, cash, equities (including investment trusts and exchange traded funds) and other securities such as gilts and corporate bonds.

The online wrap technology gives IFAs and their clients greater transparency, speed and provides a holistic view of a client’s holdings – attributes that are desirable for the future development of the fee-based IFA sector.

Despite launching just before the global “meltdown” in the financial markets, the company has flourished with its new technology and has just taken on 10 more employees this year, taking its numbers up to 50.

IT, sales and financial services

As a new and growing company, Nucleus has attracted people from a wide range of backgrounds in IT, sales and, of course, financial services, particularly those with a good grounding in products such as savings and investments, pension and insurance.

When Nucleus launched, it stated that it wanted to reshape the financial services industry and feedback from its IFA partners proves it’s making an impact. Arthur Childs from Arch Financial Planning said: “Not only is the Nucleus wrap itself revolutionising the way we deal with our clients but equally it offers a point of interaction with so many enthusiastic top end IFAs.”