Wednesday, 07 January 2015 09:41
Platforms report reaching key milestones in financial results
Two firms have reported reaching major milestones after posting their latest financial results.
Nucleus, an IFP corporate member, today announced that assets under administration on its platform broke through the £8 billion barrier on 28 December 2014.
Aviva Platform has reported reaching £5 billion assets under management.
Nucleus, which went live eight years ago, has over 6,000 users accessing the platform and said it is meeting the Financial Planning needs of over 65,000 clients.
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David Ferguson, Nucleus founder and chief executive, said: "2014 was challenging for us but having attracted £2bn of inflows, hit £8bn in AUA, completed a major technology upgrade, strengthened the senior management team and achieved record financial results it was also a year of notable progress which helps fuel our excitement for the future."
In a message to IFP members, Aviva said: "With your support, we've moved from £3.78 billion in Q1 2014 to £5 billion in Q4 2014, a 32% increase. In its most recent adviser guide, The Platforum described our 93% year-on-year growth figure as 'staggering'."
Since launching the Aviva Platform, the firm said it had made over 50 improvements following comments and feedback from advisers. A recent poll showed 19% of advisers choosing us it their first choice in platforms, the firm added.
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Nucleus, an IFP corporate member, today announced that assets under administration on its platform broke through the £8 billion barrier on 28 December 2014.
Aviva Platform has reported reaching £5 billion assets under management.
Nucleus, which went live eight years ago, has over 6,000 users accessing the platform and said it is meeting the Financial Planning needs of over 65,000 clients.
{desktop}{/desktop}{mobile}{/mobile}
David Ferguson, Nucleus founder and chief executive, said: "2014 was challenging for us but having attracted £2bn of inflows, hit £8bn in AUA, completed a major technology upgrade, strengthened the senior management team and achieved record financial results it was also a year of notable progress which helps fuel our excitement for the future."
In a message to IFP members, Aviva said: "With your support, we've moved from £3.78 billion in Q1 2014 to £5 billion in Q4 2014, a 32% increase. In its most recent adviser guide, The Platforum described our 93% year-on-year growth figure as 'staggering'."
Since launching the Aviva Platform, the firm said it had made over 50 improvements following comments and feedback from advisers. A recent poll showed 19% of advisers choosing us it their first choice in platforms, the firm added.
Get FREE daily news summaries direct to your inbox. Sign up on the homepage now.
Follow us on Twitter and get frequent news alerts @FPM_online.
Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.
For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.
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