NUC.L Share News (NUC)

(On Monday afternoon the company corrected the new number of customers to 93,715.)

LONDON (Alliance News) - Nucleus Financial Group PLC on Monday said assets under administration increased in 2018 following a rise in customer numbers and active platform users.

Nucleus, which provides pension, onshore, and offshore bond accounts for investors, reported assets under administration of GBP13.9 billion at the end of December 2018, up 2.3% year-on-year.

Advisers actively using its platform increased by 6.0% to 1,396 over the year, while customer numbers grew by 7.0% to 93,715. Net inflows for the period were impacted by continued investor caution, Nucleus noted.

"Nucleus has grown strongly in recent years and, despite the challenging market backdrop, I am pleased to report our 12 successive year of growth in assets under management, adviser users and customer numbers," said Founder & Chief Executive David Ferguson.

"Having listed the business in the third quarter of 2018 and reorganised our major outsourcing relationships in the final quarter of 2018, we are now focused on accelerating our growth within the sector," added Ferguson.