Nucleus adds two more firms to board

Nucleus has appointed two new IFA firms to its advisory board, which is now seven-strong following its third annual re-election process.

The IFA-owned platform has added Reeve Sims and The Fry Group to its board, which meets quarterly with the aim of ensuring adviser firms who own the wrap remain at the heart of its development.

Other firms on the board are Asset Management IFA, Central Investment Services, FA Watts, Helm Godfrey, and HKA.

Ferguson says the addition of The Fry Group and Reeve Sims injects new blood into the board.

"All IFAs take part in the annual voting and the fact five of the seven firms have been kept on shows a degree of consensus," says Nucleus chief executive David Ferguson.

"And the two new firms on the board will add a fresh opinion so it is nice to have new ideas too."

Recent research undertaken by The Platforum underlines the rapid growth of some of the smaller and newer market entrants, such as Nucleus.

"Last year was a very good year for us and its been a good start this year," adds Ferguson. "So it is very much onwards and upwards.

"As the platform grows in assets under administration and adviser numbers in 2010, collective agreement by members on the future direction of the business will only grow in importance."