UK un-wraps Bravura
Nucleus Financial Group has chosen Asia Pacific’s Bravura Solutions to provide the UK market with the technology for a new wrap.
Nucleus is a recently-launched financial services business designed and supported by seven UK-based independent financial adviser firms (IFAs) and a South African life insurance company, Sanlam.
The new platform will offer straight-through processing, wholesale and whole-of-market investment fund pricing, portfolio management tools and advanced financial planning principles.
It will be delivered in partnership with another of Bravura’s UK clients, Scottish Friendly, which will provide the business process outsourcing services.
The IFAs will have complete discretion over asset selection and allocation.
Nucleus chief executive David Ferguson said Bravura was selected over several other suppliers in the market because of its ability to provide a low cost, innovative and efficient solution and its capacity to support a wide range of life, pension and investment products.
Recommended for you
The corporate regulator has announced its first adviser banning of the year with the permanent ban of a Queensland-based former adviser that was sentenced to seven years’ imprisonment.
The Australian financial advice industry has risen by more than 20 advisers this week, with nearly half joining WT Financial and Sequoia.
Two financial advice professionals have shared their tips for success when building an effective Professional Year program as more advisers look to bring on junior staff to their practices.
Numbers are in for 2024, with Wealth Data confirming how many advisers left during the calendar year and which business models saw the largest growth in terms of new licensees.
