Wrap platform Nucleus has said it will not pay a shareholder dividend for 2019 in light of the Covid-19 pandemic, despite a year of "good progress".
The platform serviced 1,442 advisers at 31 December, up 3.3 percent year-on-year, with 96,857 customers.
Assets administrated via the platform sat at £16.1 billion, up 16.3 percent. Revenue grew 4.3 percent to £45.2 million. Nucleus made a pre-tax profit of £7.3 million, compared with £5.7 million in 2018.
The firm said that following a 2019 of “positive inflow momentum” the Covid-19 pandemic had taken its toll in the first few months of 2020.