But back in 2006, when the RDR was just a distant dream, Nucleus – the award-winning wrap provider – launched with transparency, openness and independence at its heart. Nucleus was set up by a group of financial adviser firms who felt that people needed a stronger pensions, savings and investment sector. These advisers were interested in a client-aligned approach rather than a product-led one.
They wanted to create a more transparent, flexible platform that would allow them to develop their own solutions for their clients, and have greater control over their investment strategy and their business.
Nucleus instantly established itself as a major force for change in the market. We're owned and controlled by the advisers who use us, which gives them a direct hand in how the platform develops.
Our 'open architecture' platform doesn't restrict asset choice – Nucleus advisers can access over 5,000 assets and fees for the platform are clear and simple – most people pay 0.35 per cent of funds within the wrap.
We're consistently voted one of the most popular platforms in the Platforum guide and were voted Platform of the Year in 2011. We're delighted to sponsor the IFP because we too want to improve the delivery of good advice.
Our community of over 2000 advisers meets regularly to share best practice. We hold user sessions every six months around the UK to give people the chance to give us ideas for improvement. We listen intently to our advisers and together we
focus on what it feels like for clients. Our success has principally been down to an unwavering commitment to transparency and a deeply held desire to banish complexity. The RDR will encourage growth in what we're doing. We look forward to supporting IFP members throughout 2012 so that together we continue to build on our progress to date.