Adviser platform Nucleus has signed a deal to acquire Third Financial, a provider of white label investment platforms and software.

Adviser platform Parmenion has added model portfolio ranges from Hymans Robertson Investment Services (HRIS), Pacific Asset Management (PAM) and Albemarle Street Partners (ASPIM).

Net adviser platform flows fell to £655m in the fourth quarter of 2023, their lowest total on record, according to analyst Fundscape.

Two of the founders of fast growing white label platform Seccl - Dave Harvey and Hugo Thorman - are to exit as Octopus expands its stake in the business.