Nucleus had completed the acquisition of Third Financial.
Nucleus Financial Platforms (Nucleus), a UK independent, adviser platform groups has announced the completion of the acquisition of Third Financial, following regulatory approval from the Financial Conduct Authority (FCA) in May this year.
Third Financial is an investment platform and front-to-back wealth management software provider, serving discretionary wealth managers, multi-family offices, and adviser consolidators.
This acquisition expands Nucleus’s capability in the ‘adviser-as-a-platform’ space, it said in a statement earlier today.
Richard Rowney, Chief Executive Officer of Nucleus, said: “We’re delighted to have successfully completed the acquisition and officially welcome our new Third Financial colleagues to the group. At the heart of our offer is the fact that one size doesn’t fit all, and by combining the businesses we can now develop bespoke platform solutions for any client.
“We look forward to the next chapter in our growth journey with the integration of Third, and to developing the opportunities opening up to us to serve the wider wealth sector.”
Ian Partington, Chief Executive of Third Financial, continues to lead the business reporting to Mike Regan, Chief Commercial Officer of Nucleus.
The Nucleus group is now entrusted with £97bn of assets under administration (AUA), the company said. Third Financial’s software service supports the administration of a further £40bn of assets.
