'I hope they keep the ethos': Advisers react to Nucleus acquisition

£145m deal

Sophie King
clock • 4 min read

Advisers who use the Nucleus platform are hoping the private equity takeover by James Hay's owner does not impact the service provided by the technology firm.

On Monday morning (9 February), it was revealed that James Hay had reached an agreement to acquire the AIM-listed rival platform for £145m. Santorini Financial Planning managing director Matthew Walne, who is an avid Nucleus user, said: "We knew something was going to be happening soon enough. I think it was a case of who it was going to be." Both he and his clients like using the Nucleus platform, so he hopes the purchase does not have an impact on the user experience. "My initial thoughts are is James Hay a good fit? I don't know really," Walne added. "I hope they keep the best b...

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