Radiant has reassessed its platform strategy and launched a new offering powered by provider Nucleus, Money Marketing has learned.

The consolidator first made known its plans to establish its own investment platform, in partnership with Seccl, in February last year.

It said its new offering – Radiant Platform Management – would give both advisers and their end clients the ability to manage multiple investments under one umbrella.

The plan was to gradually move existing clients from Radiant’s existing platform provider Nucleus onto the new Seccl-powered platform.

Radiant also said new clients would be onboarded onto the new platform straight away.

Now, the consolidator has launched a new platform offering in partnership with Nucleus.

As part of the deal, Radiant will have and run its own platform, for which Nucleus will provide the technology.

Radiant chief executive Simon Coman-Hellier said the business is “pleased to have selected Nucleus to be our platform technology partner for our regulated platform business”.

“Nucleus is already a significant provider of platform solutions to Radiant so this is a natural next step.”

He said that, over the past few months, Radiant has been “working collaboratively” on this development with the Nucleus team and is “successfully transitioning appropriate clients to its new joint solution”.

Money Marketing understands Radiant still has clients on the Seccl platform, but all new accounts will be on the new Nucleus-powered platform powered.

Both platforms are listed on the company’s website.

It is unclear whether or not clients on the Seccl platform will move across to the new Nucleus platform or remain where they are.

Seccl chief executive David Ferguson told Money Marketing: “We’re happy to confirm we’re still powering a fully digital platform for Radiant and are pleased to retain a positive relationship with Simon and his team.”

A Nucleus spokesperson said the business is “pleased” to have been selected by Radiant to be its platform technology partner.

“The advisory market is going through some significant changes, driven in large part by consolidators evolving the business model, where they’re seeking more control over the platform proposition, service and price.”

The spokesperson said Nucleus is an “adapting business with proven tech that offers flexibility to meet all advisers’ needs”.

They added: “It’s therefore a vote of confidence in our team that Radiant decided we’re aligned culturally and strategically, and that they value our commitment to them and financial strength.”