Custody Service

Our Custody Service is central to both our Investment Management and Platform services, providing your clients with a secure and efficient facility in which to hold their investments

Our Custody Service provides your clients with a secure and efficient facility in which to hold their portfolio of investments whether you are utilising our Investment Management Service or Platform Services. In addition to safeguarding investments held in a general investment account and ISA, we act as a sub-custodian for a number of SIPP and Offshore Bond providers.

James Brearley has held the appropriate regulatory authorisation to hold client money and client assets for over 25 years. We currently act as a custodian over assets in excess of £3bn in value across around 18,000 accounts (correct as at 31st October, 2022).

How it works:

The advantages of using our Custody Service are that your clients will not receive any paperwork or certificates from a company registrar or fund administrator. We shall take care of that for them. However, we shall account to your client for all dividends, interest payments and other entitlements accruing to them and write to you with matters that require your attention.
Your clients will not receive Annual Reports and Accounts or shareholder benefits from a company in which they have invested, however, we may arrange for them to attend and vote at company meetings. Another advantage of our Custody Service is that it allows us to settle all your clients’ transactions in a smooth and efficient manner as we do not require any documentation from them.

Ongoing reporting:

At the end of each calendar quarter we will provide you with a valuation of your clients’ assets held in our Custody Service, to also include a statement of the cash account and a schedule of the transactions undertaken on the account in the previous 3 months. This will also include a performance statement and market commentary where you have chosen to utilise our Investment Management Service.

Tax Related:

Each June, we will provide you with a Tax Report for each of your clients. The Report includes a Consolidated Tax Certificate and Capital Gains Report where appropriate, which has the added advantage of assisting you or them with the completion of their tax returns. We will deliver this via our secure mail facility which may be accessed via our web portal. This is a medium by which we may convey documents to both you and your clients in a secure and environmentally friendly way.

Keeping you up to date with the progress of your client’s portfolio:

Our online valuation service allows both you and your clients to monitor the progress of their investments held in our Custody Service, 24 hours a day, 7 days a week. This facility also supports an ability to view an historical valuation of the portfolio as at the close of play on any business day and generate a performance report.

Investment management:

Clearly the administration of your clients’ assets is important and we take that responsibility very seriously. However, we also believe that portfolios benefit from active management particularly so in today’s investment climate of fast moving events and volatile share price fluctuations. We believe that it is no longer the case that portfolios, Blue Chip or otherwise, can simply manage themselves and we would welcome the opportunity to partner with you to manage your clients’ assets. You may therefore wish to consider our Investment Management Service.

There is no specific charge for the Custody Service, over and above our standard service charges, as detailed below.

Quick Enquiry

If you wish to speak to a member of our Central Administration Support  Team, please contact them on the number below or fill in our quick contact form.

01772 318 760



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