Nucleus, the UK IFA-owned and controlled wrap platform, has introduced an online self-service option to its model portfolio proposition aimed at giving independent financial advisors greater control of portfolio creation, monitoring and maintenance.

Key enhancements include the capability for advisors to construct their own model portfolios online from all assets on the platform and to set up private model portfolios for particular clients or client segments.

One model portfolio can be applied across all accounts: users can copy and edit model portfolios, add or delete assets, change asset allocation, rename the model portfolio, change the status and add a new account type.

Performance can be measured over time against custom benchmarks for new and existing model portfolios.

“The self-service model portfolio is the first in a range of enhancements Nucleus will be unveiling this year. We believe the enhancements turn what was already a compelling proposition into a market leader which will enable advisors to further improve the high quality service they provide to clients,” said chief operating officer Andrew Smith.