Nucleus Financial boosts assets under administration

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Investment wrap platform provider Nucleus Financial said its first-quarter assets under administration had risen 28% year-on-year to £18.0 billion.

The rise, as of 31 March, represented growth of 3.1% on the previous quarter.

By comparison, the FTSE All-Share Index increased 23% year-on-year and by 4.3% on the last quarter.

Gross inflows of £637 million were achieved, which was the company's best ever month for inflows.

Net inflows were £301 million, with March being its second-best ever, up 45% against the prior quarter and 12% year-on-year.

At 9:19am: (LON:NUC) Nucleus Financial Group Plc Ord 0.1p share price was 0p at 116p