More recently, James Hay announced last week it had reached an agreement with Nucleus to take over the platform, paying £145m for the firm and creating an entity with £45bn assets.
FTAdviser later learnt that Nucleus staff were told there could be redundancies at the firm post-takeover, with talk of “moderate” job losses. As with other platform sales, the deal has left some advisers users unsure of their own future relationship with the platform.
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