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Nucleus Financial Sees Fourth Quarter Assets Under Management Climb

Fri, 31st Jan 2020 16:22

(Alliance News) - Online investment platform Nucleus Financial Group PLC on Friday reported a fourth quarter rise in assets under management.

In the three months December 31, assets under management rose 2.8% quarter-on-quarter to GBP16.14 billion from GBP15.70 billion.

Annually, the fourth quarter climb was 16% from GBP13.88 billion.

Gross inflows increased 7.6% year-on-year to GBP497 million from GBP462 million. Customer numbers were up 1.6% year-on-year to 96,857.

Chief Executive David Ferguson said: "We're really pleased with the 16% increase in assets under management over the last twelve months and, in particular, to post a fourth successive quarter of gross inflow growth, especially against the backdrop of investor uncertainty during most of 2019.

"While still early days, this positive momentum has continued into the new year and we feel well-positioned to build on this."

Shares in the company were 1.5% higher at 178.14 pence each in London on Friday afternoon.

By Eric Cunha; ericcunha@alliancenews.com