The deal was first introduced in February.
Third Monetary is a supplier of white label funding platforms and software program.
Nucleus stated the acquisition expands its functionality within the ‘adviser-as-a-platform’ house.
Richard Rowney, chief govt of Nucleus, stated: “By combining the companies we will now develop bespoke platform options for any shopper. We look ahead to the subsequent chapter in our development journey with the combination of Third, and to growing the alternatives opening as much as us to serve the broader wealth sector.”
Ian Partington, chief govt of Third Monetary, will proceed to guide the enterprise reporting to Mike Regan, chief industrial officer of Nucleus.
Mr Partington stated: “We look ahead to the alternatives forward as half of a bigger group.”
Nucleus Monetary Platforms at present has greater than £80bn of property beneath administration for 250,000 prospects and owns various subsidiaries together with James Hay, Nucleus and SIPP supplier Curtis Banks, a current acquisition.
Third Monetary offers an funding platform and wealth administration software program. It serves discretionary wealth managers, multi-family workplaces and adviser consolidators.
Third Monetary has seen development lately with income rising by greater than 30% in 2023, it stated. It has greater than 50 shoppers within the UK and a complete of £6bn in property beneath administration on its platform and an extra £40bn of property administered through its software program system Tercero.
