Wrap platform Nucleus and IFA consolidator The Moneygate Group have entered into a strategic partnership that will see the groups share use of the wrap, investments and a deferred buyout option.
As part of the deal, The Moneygate Group will be promoting Nucleus across its regulated advisory business Fairstone Financial Management.
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Also, Nucleus users will gain access to the discretionary managed model portfolios offered by the Moneygate’s investment management channel Marketstar.
Moneygate Group chairman David Hickey said: "This alliance is one of a series of exciting new projects that we will deliver over the coming months. Nucleus have followed a similar path to our own in getting to critical mass and posting profits.
"We look forward to the benefits presented to our clients by our IFA community in utilising the Nucleus platform and offering its members the opportunity of using our added value services and buyout model."
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