WE WILL HELP YOU PROTECT WHO AND WHAT IS IMPORTANT TO YOU FROM LIFE’S STORMS

How Safe is Your Money?

Clients of Wells Gibson can expect several layers of security.  Firstly, we never handle client money.

At platform level

Wells Gibson will arrange for an account to be opened with a ‘wrap’ (administrative) platform that administers your investment portfolio, and acts as the nominee for assets held. Any monies held by the recommended ‘wrap’ platform are regarded as ‘client monies’ and must adhere to the rules of the Financial Conduct Authority. These monies are ring-fenced from the wrap provider’s balance sheet. Furthermore, Wells Gibson must obtain written permission from clients before passing on instructions to the wrap platform.

At fund level

All of the funds that Wells Gibson recommends are operated by leading third party investment managers who don’t handle client monies directly. Each fund is overseen by a board of trustees who have a fiduciary duty to act in the best interests of Wells Gibson’s clients. The assets of the fund are held by large independent custodian banks and are audited by leading accountancy firms. Fund assets are ring fenced from the balance sheet of the custodian bank.

The FSCS

The Financial Services Compensation Scheme (FSCS) can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services & Markets Act 2000 (FSMA). More information is available from Wells Gibson or at www.fscs.org.uk.