1 Aug 2018 07:00
1 August 2018
Nucleus Financial Group Plc
("Nucleus" or the "Group")
H1 2018 AUA Update
and
Notice of Interim Results
Nucleus, a leading independent wrap platform provider, today publishes an AUA update in respect of the six-month period to 30 June 2018. Assets under Administration ('AUA') on 30 June 2018 was £14.3bn (as stated in the Group's Admission Document), up 5.6% over the period. Over the first half of 2018, the FTSE All Share Index decreased by 0.5% and the FTSE 100 Index decreased by 0.7%.
Highlights
- AUA of £14.3bn at the end of the period, up 5.6% on 31 December 2017 and 15.6% over the last 12 months
- 1,357 active advisers at the end of the period, up 3.0% over the period and 7.2% over the last 12 months
- H1 revenue of £21.7m, up 11.0% over H1 2017
AUA and net inflows
| Six months ended30 Jun 2018 | Six months ended30 Jun 2017 | Six months ended30 Jun 2016 |
| £m | £m | £m |
Opening AUA | 13,577 | 11,144 | 9,069 |
Inflows | 1,265 | 1,324 | 914 |
Outflows | (539) | (474) | (467) |
Net flows | 726 | 850 | 447 |
Market movements | 36 | 407 | 284 |
Closing AUA | 14,339 | 12,401 | 9,800 |
Notice of Results
The Group expects to announce its results for the six months ended 30 June 2018 on 11 September 2018.
David Ferguson, Nucleus' CEO, commented:
"I am pleased to report continued growth in active advisers, AUA and revenue despite ongoing market volatility. Our core audience continues to perform in line with expectations, supported by the increase in active advisers."
For further information please contact:
Nucleus
David Ferguson, CEO Tel: +44 (0)13 1226 9800
Stuart Geard, Chief Financial Officer
Shore Capital (Nominated Adviser and Broker)
Hugh Morgan Tel: +44 (0)20 7408 4090
Edward Mansfield
Daniel Bush
Camarco (Media enquiries)
Jennifer Renwick Tel: +44 (0)20 3757 4994
Jake Thomas
Notes to Editors
About Nucleus
Nucleus is a wrap platform founded in 2006 by advisers committed to altering the balance of power in the industry by putting the client centre stage. It provides independent wrap platform services to over 2,200 adviser users across more than 800 financial adviser firms as at 30 June 2018. It is responsible for assets under administration ("AUA") of £14.3bn on behalf of more than 90,000 customers.
The multi-award winning platform offers a range of custody, trading, payment, reporting, fee-handling, research and integration services across a variety of tax wrappers and more than 5,000 asset choices including cash, OEICs, Unit Trusts, offshore funds, structured products and listed securities, including ETFs and investment trusts.
The Platform currently facilitates over 1.1 million client account transactions on average per month.
Nucleus has won CoreData's 'best medium sized platform' for the last six years, the Schroders 'platform of the year' award for the last two years and recently won 'best platform' at the Money Marketing Awards.