The Kuber platform started trading in May 2012 and currently features 51 investment funds across EIS, SEIS and BPR. As Kuber celebrated its 5th anniversary it had doubled its revenue in the year to date with growth of assets at 360% since April 2015. Assets on platform have increased 200% on average year on year since 2014. There are currently £35m assets derived from 455 investors on Kuber reflecting the growing importance of platforms in the SEIS/EIS/BPR market as pensions are constrained and estate values continue to increase.
The platform is supported by 212 advisers across 131 firms. Engagement from adviser businesses has been growing strongly with an overall 50% year on year increase in the number of established user firms. On average an established user firm with deliver £300k of new assets on platform which is up from £170k the year before. Kuber is currently engaging with 1 in 4 of the top 100 Wealth Management businesses.
Average case sizes have been increasing in line with flows and currently range between £50 and £70k. This illustrates that engagement originates from a larger number of mass affluent clients rather than a small number of HNW investors.
Importantly, the platform provides everything that an adviser needs to access these markets and Kuber is attracting a number of advisers who have not been active in the EIS market previously.