Sentinel

Client money: All client cash is held in client bank accounts with FCA-authorised UK deposit taking institutions. Client bank accounts are designated as trust accounts, segregated from Hubwise’s own monies, and are operated and administered in full accordance with FCA CASS (client money) rules. If one of those banks fails or becomes insolvent, you may be entitled to claim
compensation under the FSCS up to £85,000 of any loss.

Client assets: Hubwise is responsible for the safe custody of all assets held in client accounts. Such investments are registered in the name of a nominee company, Hubwise’s wholly owned subsidiary, Hubwise Nominees Limited, which is a non-trading company set up to hold investments on behalf of investors.

Risk mitigation: Hubwise have insurance in place for professional indemnity and crime, as well as an agreement between the Securities and Nominee companies to further strengthen asset security. The FSCS also provide compensation of up to £85,000 per investor for eligible claimants in respect of UK securities and funds held in custody.

Custody of assets: A service in which a financial institution holds securities on behalf of the client and since they are responsible for the safety of assets and securities, custodians generally tend to be large and reputable firms. The ultimate custodian of assets held on the Sentinel platform is Citibank, one of world’s largest retail banks, serving more than 100 million clients, across 40 countries and part of the Citigroup, one of the world’s largest financial services groups.