We understand the trust you place in us to manage your life's savings and this is a burden we do not take lightly.
Whilst Raymond James, Buckingham manages your portfolio, we have an agreement with Pershing Securities Limited to act as custodian for your investments.
Pershing Securities Limited
Pershing is part of the Bank of New York Mellon Corporation, one of the world’s strongest financial institutions with more than $30bn of assets under its administration.
Your investments are held on trust in accounts that are ring-fenced from Pershing’s own assets. In the unlikely event that Pershing defaults on its obligations, you remain the beneficial owner of your assets and they cannot be used to pay the company’s creditors.
Financial Service Compensation Scheme (FSCS)
As a further insurance, eligible investors also have access to the Financial Services Compensation Scheme (FSCS), which provides cover up to £85,000 per eligible claimant. Pershing also has insurance policies in place to protect against financial loss caused by events such as fraud and computer crime.
Your investment portfolio will also hold an element of cash within it. Pershing holds your cash balances as Client Money, which means that Pershing acts as a trustee. Your money is segregated from Pershing’s own assets and held in designated trust accounts at one or more banks.
Should any of the banks that Pershing uses fail, investor protection provided by the FSCS applies.
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