Nucleus unveils advisory board

Edinburgh-headquartered fintech Nucleus Financial has unveiled a new-look advisory board as it looks to continue its strategy of close engagement with the financial adviser community.

The firm, which evolved from seven advisory businesses in 2006 and provides so-called wrap platforms to support the industry, aims to put financial advisers “at the heart” of its platform.

Its newly formed advisory board is comprised of advice and planning firms which will meet on a quarterly basis to supply feedback and opinions on areas such as investment markets, regulation, platform pricing, proposition, industry trends, and strategic developments.

This comes the day after Nucleus announced that assets under administration on its platform hit £14.8 billion in the first quarter of 2019, a 9.1 per cent rise year-on-year.

Mike Seddon, MD of Grayside Financial Services, will act as chairman, while each of the 12 member firms will be represented by a senior member of their business.

The new board will report to the fintech’s board of directors and replace the previous incarnation which was disbanded following the firm’s floatation on the Alternative Investment Market in July.

Seddon said: “The platforms that will continue growing are the ones that have an engaged adviser audience. Having witnessed the capability of the previous advisory board in driving improvements to the business, I am confident with the set of adviser firms we have on board that we will be able to continue this endeavour.”

The advisory board’s founding members comprise Grayside Financial Services, Addidi, Equilibrium, Finance Shop, Fortitude Financial Planning, Goodmans Financial Planning, Helm Godfrey, Life Matters Financial Planning, Murphy Wealth, Smith & Pinching, The Financial Planning Corporation, and Wellington Wealth.