Non Executive Director
Edinburgh, United Kingdom
Nucleus is an online wrap-based platform, launched in 2006 by a group of seven financial adviser firms (including myself) who set out to create a wrap platform with a difference.The retail financial services sector was being controlled by product providers and fund manufacturers with the adviser’s role becoming more and more marginalised. However, the reality is that it is the advisers that are the ones who are closest to the client – attracting the client, defining their needs and creating a solution.The seven founding firms realised that something needed to change. We created a new model, putting the adviser and client at the heart of the process, focusing on a client-aligned approach rather than a product-led one, and developed a platform that was committed to transparency and banishing complexity.We effectively handed control of the platform to the advisers using it. Nucleus in effect, works for these advisers to develop the platform to meet their needs. This means that these advisers are free to develop tailored solutions for their clients, and have greater control over their investment strategy and their business.I was appointed to the main board at Nucleus Financial to represent the interests of the IFA community. As a member of the Audit and Risk Committee I had specific responsibilities to consider all risk and compliance matters including compliance with regulatory capital rules.