Keeping Your Assets Safe

We want you to feel confident that your assets are safe with us.

At all times, we prioritise the security of your investments and we follow a detailed set of rules set out by our regulator, the Financial Conduct Authority (the ‘FCA’). Our culture focuses on our clients, and we would never put the safety of your portfolio at risk.

The FCA has set out regulations that apply to everyone in the finance industry who is handling clients’ money or assets. These regulations are known as the CASS rules. These hold us to stringent standards and daily accounting and reporting requirements. We have decided to work with Platform Securities LLP (‘PSL’) to handle the custody and daily administration of your portfolio. PSL handles over £18 billion of assets in the UK and brings strength and depth to our support for clients, specialists in this area and is resourced with hundreds of experts in the custody of clients’ portfolios. PSL is part of a global network owned by a Fortune 500 parent company, FIS Global and is itself fully regulated by the FCA.

We have daily interactions with PSL and conduct vigorous reviews and audits of their work. PSL can, itself, use third party custodians. When it does, PSL will fully assess a third party’s performance and ensure that they meet the FCA’s required standards. In the UK, your cash will be held across several different major banks, identified and monitored by PSL who will ensure that all administration is handled correctly. Again, this is subject to full regulation. Your assets are held in designated client accounts and, in the unlikely event of CAM or PSL becoming insolvent, our creditors would have no right to access them.

You are also supported by the Financial Services Compensation Scheme (the ‘FSCS’). This service is intended to provide help to investors when the provider they have used is unable to meets its obligations. The FSCS provides protection up to a maximum of £85,000. More information regarding this scheme is available at www.fscs.org.uk. Where the provider is  based outside of the UK, a separate but similarly robust compensation regime will apply. In the EU, investors are entitled to €100,000 under the Deposit Guarantee Scheme.

Finally, we have full Professional Indemnity Insurance to cover our employees and services. We are proud that it has never been necessary for us to make an insurance claim in over 35 years of business.