The technology and custody of assets for Sentinel is provided by Hubwise
Hubwise is a ground-breaking regulated technology business developed by a group of highly experienced financial services professionals. Their cutting edge, powerful technology means we can provide a cost-effective solution together with a wide choice of investments to our clients on one, efficient platform.
For us it’s about how we offer and manage our services to our clients, owning as much of the process as possible and ensuring that customers receive the very best user experience. By harnessing the power of technology to do this and keeping the user experience within our control we are able to deliver an efficient and straightforward service.
Regulated by the Financial Conduct Authority (FCA)
Hubwise Securities was launched in 2011 (company number 06071374) and is authorised and regulated by the Financial Conduct Authority (FCA), registration number 502619 and is fully regulated to hold, safeguard and control clients’ money throughout the whole investment process.
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.
Sentinel is a trading style of Centurion Wealth Management Ltd which is authorised and regulated by the Financial Conduct Authority.
Financial Conduct Authority registration number is 509905
Registered Office Channel Court, 8 Hill Road, Clevedon, Bristol, BS21 7NE