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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nucleus Financial Group Plc | LSE:NUC | London | Ordinary Share | GB00BG226J60 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 191.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTEANLPALENEFF
(END) Dow Jones Newswires
April 29, 2019 02:01 ET (06:01 GMT)
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