Nucleus acquires investment platform and software provider Third Financial

Nucleus Financial Platforms has received approval from the FCA for the acquisition of Third Financial.

Third Financial is an investment platform and software provider. The acquisition enables the group to further expand its ‘adviser-as-a-platform’ proposition, offering a range of platform, product and software solutions for advisory businesses and consolidators, as well as discretionary fund managers (DFMs).

Richard Rowney, CEO of Nucleus, said: “We’re pleased to have received regulatory approval and now look forward to welcoming the Third Financial team into our group.

"The acquisition extends and complements our existing enterprise and ‘adviser-as-a-platform’ proposition, enabling us to offer a full spectrum of platform models to advisers, consolidators and DFMs of all types.”

Last year, Nucleus aquired the Curtis Banks Group, one of the UK's largest independent of providers of Self Invested Personal Pension (SIPP) schemes and Small Self Administered Pension Schemes (SSAS) with over £37.4bn of assets under administration.