TIDMNUC
RNS Number : 3223X
Nucleus Financial Group PLC
29 April 2019
29 April 2019
Nucleus Financial Group plc
('Nucleus' or the 'Company')
Q1 2019 AUA update
Nucleus (AIM: NUC), a leading independent wrap platform
provider, today publishes an update on its assets under
administration (AUA) in respect of the three month period to 31
March 2019.
The Company continues to grow AUA, which stood at GBP14.8bn as
at 31 March 2019, up 9.1% over Q1 2018 and 6.3% on the previous
quarter. By comparison, the FTSE All-Share Index grew by 2.2% over
Q1 2018 and 8.3% over the quarter.
Highlights
- AUA increased to GBP14.8bn, up 9.1% over Q1 2018 and an
increase of 6.3% on the previous quarter
- Gross inflows increased marginally against the prior quarter
with momentum improving in the run up to the tax year end
- Advisers actively using the platform increased marginally to 1,376 over Q1 2018
- Customer numbers rose to 94,144, an increase of 5.3% over Q1
2018 and 0.5% over the previous quarter
- Further significant platform upgrade successfully completed in Q1
- Launch of new Junior Isa product and beta launch of Nucleus Go, an improved client portal
- Shortlisted for Money Marketing's Company of the Year and Best Platform 2019
AUA and inflows
Quarter ended Quarter ended Quarter ended
31 March 31 December 31 March
2019 2018 2018
GBPm GBPm GBPm
-------------- --------------
Opening AUA 13,884 14,693 13,577
Inflows 466 462 665
Outflows (332) (277) (254)
Net flows 134 185 411
Market movements 735 (994) (461)
Closing AUA 14,753 13,884 13,527
Daily average AUA 14,399 14,202 13,609
-------------- --------------
David Ferguson, Nucleus' founder and CEO, commented:
"It was pleasing to see AUA levels increase in excess of 9%
year-on-year compared to a FTSE All-Share increase of 2.2% in the
same period. Gross inflows steadied quarter-on-quarter, building
momentum throughout the period, particularly in the run up to the
tax year end."
"We completed a change to our technology and BPO services model
in Q4 2018 with the intention that this will improve our change
velocity and I'm pleased to report that Q1 has borne this out with
a significant upgrade to the core platform software, the launch of
our new Junior Isa product, and the beta launch of our new client
portal, Nucleus 'Go' all successfully completed in the quarter. We
also completed our Mifid II regulatory costs and charges disclosure
after the reporting period in April 2019 and are looking forward to
building on this change momentum throughout the year."
Historical flows and AUA data by quarter
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
----------- ------ ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Opening
AUA 9,386 9,800 10,659 11,144 11,897 12,401 12,889 13,577 13,527 14,339 14,693 13,884
Inflows 458 434 507 653 671 687 597 665 600 563 462 466
Outflows (248) (203) (214) (225) (249) (261) (205) (254) (285) (281) (277) (332)
Net flows 210 231 293 428 422 426 392 411 315 282 185 134
Market
movements 204 628 192 325 82 62 296 (461) 497 72 (994) 735
Closing
AUA 9,800 10,659 11,144 11,897 12,401 12,889 13,577 13,527 14,339 14,693 13,884 14,753
Daily
average
AUA 9,494 10,373 10,849 11,518 12,198 12,715 13,313 13,609 14,086 14,585 14,202 14,399
------ ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Ends
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
customer centre stage. It provides independent wrap platform
services to 1,370 active adviser users and works with more than 870
financial adviser firms as at 31 March 2019. It is responsible for
AUA of GBP14.8bn on behalf of more than 94,000 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 6,500 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 customer account transactions on average per month.
Nucleus has won CoreData's 'Best medium sized platform' for 2018
(and the last seven years), the Schroders 'Platform of the Year'
award for 2018 (and the last three years) and recently won 'Best
Platform' and 'Platform Innovation' at the 2018 Money Marketing
Awards.
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END
TSTEANLPALENEFF
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April 29, 2019 02:01 ET (06:01 GMT)
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