Nucleus breaks the £3bn barrier

Nucleus has passed the £3bn AUM barrier following a record six months of inflows and adviser interest.

The milestone comes just five years since the Edinburgh-based wrap launched with the backing of founding IFA firms.

"To have £3bn of assets on the platform is a huge milestone for the business and one I am extremely proud of," said chief executive David Ferguson (pictured).

"The support we have had from the adviser community over the years has been spectacular and this is reflected not only in the assets we now have on the platform, but also in the record number of firms becoming Nucleus members."

The IFA-owned wrap, which went live and took its first assets in December 2006, now provides over 1,000 individual adviser users with access to more than 4,000 assets through a range of tax wrappers.