Nucleus makes 'susbstantial price cuts' for larger portfolios

Following a review of core platform pricing earlier in the year, charges for clients with portfolios in excess of £500,000 will see the current charge of 25bps drop to 17.5bps. Portfolios over £1m will see charges drop frop 15bps to 5bps.

Under the new pricing model, a client with a portfolio of £1m will see annual platform costs reduce by 12.5% while a client with a £2m portfolio will see platform costs reduce by 30.5%.

Barry Neilson, business development director at Nucleus, said: “We’re pretty fired up that after a highly successful 2016, and a brilliant start to 2017, we’re able to substantially reduce prices for our new and existing users. As an adviser led business we listen carefully to the feedback from our users and they were clear they wanted a more competitive structure for larger portfolios and it’s great we’re in a position financially to be able to deliver this.

“This has been possible as a result of strong and sustained growth in the assets, revenue and profitability of the business in recent years and our growing scale ensures our users can benefit and be a part of this success.”