Nucleus Acquisition Update
We informed you earlier this year of a proposed a takeover of Nucleus by James Hay Holdings.
As of 10th August 2021, it was announced to the Stock Market that the Financial Conduct Authority had approved the takeover, which means that James Hay are now the owners of Nucleus.
What Does This Mean For Your Investments?
In the long term the intention is to merge the products and operations of both the companies, to create a leading financial planning and retirement focused business with over £47bn in assets under management. This will provide greater investment into technology, products, and services.
Initially both companies will continue to exist side by side for the foreseeable future and operate as they do today. Work will now begin on merging the companies efficiently, starting with a combined executive team and leadership structure.
Following a comprehensive review of both brands over the last 6 months, it was agreed to retain the Nucleus company name for the combined group once fully merged, due to the stronger name and brand reputation in the advised platform market.
Nucleus will be sending out communications to all clients to update them on the takeover, and we will continue to monitor the merging of the 2 companies and update you accordingly. For now, it is proceeding as usual.
If you have any queries on this or any other matter, do not hesitate to contact us.