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Nucleus unveils new IFA advisory board
by Jun Merrett on Feb 10, 2012 at 09:26
Wrap provider Nucleus has announced a new IFA advisory board following its fifth annual re-election process.
The nine-strong board has elected two new representative firms - Strategic Asset Managers and Grayside - to join the remaining seven from the 2011 board, which includes Asset Management IFA, Smith & Pinching, Arch Financial Planning, FA Watts, HKA, Intelligent Capital and The Fry Group.
The board has been in place since Nucleus, whose chief executive is David Ferguson (pictured), launched in 2006. The board meets every quarter to ensure future development and alignment of the business stays in tune with the needs of adviser firms who own and use the Nucleus wrap.
John Moore, Nucleus IFA Advisory board chairman and managing director of Central Investments, said: 'From its inception, the Nucleus advisory board has existed to ensure the needs of advisers remain at the heart of business development and direction.
'The role the board plays has a direct impact on how the platform and the business operate, and our function is to make sure these decisions are aligned with advisers and their clients’ needs,' he said.
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7 comments so far. Why not have your say?
Terry Bignall
Feb 10, 2012 at 09:56
Its a pity that the advisory board cannot do anything about the antiquated way that the Nucleus Wrap works and the unacceptable delays clients face in getting their money, when requested/required.
report thisOoh what a carry on!
Feb 10, 2012 at 10:31
Terry can you please elaborate....we use Nucleus and have not had any issues in clients receiving their income/withdrawals on time
report thisTerry Bignall
Feb 10, 2012 at 14:26
Income is delayed when rebalancing takes place and our experience is that on average client requests for withdrawals take 9/10 days.
Also we have to manually implement sells to produce income or withdrawals. Other Wraps we use do this oin our behalf or prefund the payment.
report thisBert Poppins
Feb 10, 2012 at 15:31
@ Terry Bignall. Simple answer is don't use the platform if you don't like it so much as opposed to crassly using this forum to criticise. Unless of course you are a secret platform employee!
report thisTerry Bignall
Feb 10, 2012 at 16:02
Bert - you must be employed by Nucleus to come up with such a response. One shouldn't defend the indefensible. We do not recommend Nucleus for new monies because of this issue. The original appeared to be indirectly advertising Nucleus and therefore IFAs & NMAs should be aware of issues encountered by their fellow professionals.
report thisDavid Ferguson
Feb 10, 2012 at 16:09
Hello Terry - sorry for slow response but just picked this up. I understand you experienced a particular issue and Iwould be be delighted to discuss our process with you at a time that is suitable for you. Maybe you could advise a suitable time?
David
PS - no-one by the name of Poppins here!
report thisTerry Bignall
Feb 13, 2012 at 10:27
David - we have attempted to discuss this with you before both directly and via Paradigm. Happy to talk about this when you are free.
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