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Nucleus net inflows dip in tough markets

The platform provider's revenue yield also declined after pricing pressure prompted management to reduce fees
April 2, 2019

Nucleus Financial (NUC) debuted as a public entity just as volatility was intensifying in UK equity markets midway through 2018, but the platform provider still managed to generate 14 per cent growth in average assets under administration to £14.1bn. That is not to say that client demand did not suffer, with net inflows of £1.2bn down more than a quarter on the prior year. Founder and chief executive David Ferguson says the group has benefited from rising market levels since the start of 2019, although the macro backdrop has started to deteriorate.

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