Castle Trust’s HouSAs have been approved for inclusion on wrap platform Nucleus in a major expansion of its distribution capability.
The contract with Nucleus for HouSAs – which include a Growth and an Income product – was signed following a rigorous due diligence process and means they are available through a further 400 adviser firms employing more than 1,500 advisers.
The platform agreement is a further boost for the residential property index trackers which are also included in the risk profiling service Distribution Technology’s model portfolios.
Nucleus, which recently passed the GBP5bn assets under administration landmark, currently offers access to more than 4,000 funds.
Sean Oldfield (pictured), chief executive officer, Castle Trust, says: “Residential property provides good diversification to an investment portfolio and has delivered similar returns to equities over the years but with lower volatility.
“Nucleus’s agreement to list HouSAs on its platform underlines the determination of both Nucleus and Castle Trust to deliver innovative solutions to investors.”
Barry Neilson, business development director at Nucleus, says: “As a platform with a firm belief in true open architecture, we strive to provide advisers and their clients with the widest choice of investments possible and we are pleased to be the first to make Castle Trust’s HouSAs accessible to our users.”
