6 Nucleus directors exit as James Hay takes control

Six Nucleus directors have stood down from the company today as the takeover of the business by James Hay is completed creating a platform managing £47bn in funds.


Most Nucleus shareholders accept James Hay bid

Nearly 92% of shareholders in platform Nucleus have accepted a cash offer from rival platform James Hay which values Nucleus at about £145m.


James Hay changes Nucleus takeover strategy

James Hay is set to acquire rival platform Nucleus via a recommended cash takeover offer, a change of tack from its original plan of using a scheme of arrangement.


Nucleus AUA up 7.9% but profits halve

Assets under administration at investment platform Nucleus rose 7.9% year on year to £17.4bn in 2020, but profits after tax dropped 47% to £3.2m, as the platform gears up for its acquisition this year by rival James Hay.

 Promote your vacancy to thousands of professionals on Financial Planning Jobs  
Our specialist jobs service Financial Planning Jobs can help you reach nearly 12,000 financial professionals. You can set up an Employer Profile and post your job the same day on Financial Planning Jobs (terms apply). Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit new talent.
Offer: Use code 'FPJSaver10' on checkout to save 10% on your listing. Click for details: