Nucleus completes shareholder change

Nucleus Financial Platforms Group (“Nucleus”) one of the UK’s leading, independent,adviser platform groups, has received regulatory approval for its recent shareholder change.

HPS Investment Partners (“HPS”) has acquired a majority stake in the business, with Epiris retaining a significant minority interest. They both have a shared vision to build the leading retirement-focused investment platform for financial advisers in the UK.

Today marks the completion of the transaction, with no changes to Nucleus’ business model, growth strategy or management team.

Richard Rowney, CEO of Nucleus, said: “While it’s very much business as usual here, approval of HPS’s investment is a significant milestone which we’re pleased to have achieved. Their support and investment are not only a huge vote of confidence in our strategy, but also in the collective achievements and future potential of the fantastic team of people that make up Nucleus.

“It should also give further confidence to the advisers we serve, that we’ll continue to invest in delivering their priorities for improving our platforms, reducing the price their customers pay, and in ensuring the service we offer meets their needs and expectations.”

Nucleus is one of the UK’s leading independent retirement-focused platforms, operating from offices in Edinburgh, Glasgow, London, and Salisbury. The business
administers approximately £46 billion* of customer assets across self-invested personal pensions, individual savings accounts, general investment accounts and other products, for over 5,000 financial advisers and serving more than 160,000 underlying customers across the UK.

Since the creation of the combined group, the development of a new retirement platform has started. The business’ combined scale, and the profitability that comes
with it, is enabling it to invest in products, price, and service. To date, £5 million has been invested in improving service and technology and a further the £6 million committed to a roadmap of enhancements.

The financial terms of the transaction remain undisclosed.

You can download a PDF of the Press release here

Victoria Webb   
Head of Public Relations for Nucleus
T:  +44 (0) 7712 551 838    

Notes to editors:

The Nucleus Financial Platform Group offers investment platforms that help make retirement more rewarding. Our two platforms are run exclusively for financial advisers, with over 160,000 UK customer.
Renowned for its SIPP expertise, James Hay Partnership has been working with larger financial advisory groups for more than 40 years, providing the means to administer pensions, savings and investments in a cost and tax efficient way.  
Our award-winning platform Nucleus was acquired by James Hay in September 2021. It was founded in 2006 by advisers committed to altering the balance of power in the industry by putting the customer centre stage.
Nucleus is the name of the combined business and together it’s already one of the UK’s leading, independent, adviser platform groups, with approximately £48bn* in assets under administration. To find out more visit:    

* As at as at February 2022 – Fundscape Q1 Platform Report