City Asset Management chooses Third Financial as its platform partner
Third Financial, part of the Nucleus group, has revealed that investment manager City Asset Management is the latest addition to its growing client roster, marking another milestone in its growth trajectory.
London-based City Asset Management is an independent financial planning and discretionary investment management firm. It has over £800 million in assets under management, which will transfer to Third Financial under an initial five-year partnership.
Commenting on the deal, Ricky Ali, Commercial Director of Third Financial, said: “It’s a vote of confidence in our team that City Asset Management has committed to working with us for the next five years.
“We’ve fast become the preferred partner for businesses who need industry leading, technology-driven solutions backed by exceptional client service. Having the financial might and breadth of capability of the Nucleus group behind us makes a real difference to our conversations with ambitious, investment managers like City Asset Management, looking for a stable, committed, long-term partner”.
Nick Coghill, CEO of City Asset Management, said: “We were seeking a proven technology-led platform partner who could help us to deliver the highest standard of service to our clients.
“With their deep knowledge and experience of the wealth management industry, the team at Third Financial gave us full confidence – not only in their ability to provide a market-leading technology solution, but also in their unwavering commitment to client service and innovation. We’re pleased to be working with them as our sole platform provider.”
Nucleus acquired Third Financial last year. The group offers the broadest range of products, services and software options that enable large advisory firms and consolidators, investment managers and institutions, to take some or all control of their platform propositions.
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About Nucleus:
Nucleus Financial Platforms is one of the UK's leading independent groups for investment platforms, products and wealthtech software.
It’s the only large-scale group with a comprehensive range of bespoke platform solutions to meet the needs of advisory and wealth management firms of all sizes.
It operates the Nucleus Wrap and James Hay Online retail investment platforms, and through Curtis Banks and Talbot and Muir is one of the UK’s largest administrators of SIPP and SSAS products.
With the wealthtech experience of Third Financial and Dunstan Thomas, Nucleus now powers some of the industry’s leading product providers, advisory firms and consolidators, discretionary investment managers and institutions, with enterprise-wide, platform software solutions.
Working exclusively in partnership with over 5,300 financial advisory firms, the group now administers over £99 billion of investments on behalf of over 230,000 UK customers, seeking to deliver great service and financial outcomes for them, and ultimately help make their retirement more rewarding.