Security Of Assets

Safe Custody

We understand that the security of your assets is paramount and we utilise the services of Pershing Securities Limited (PSL) to act as custodian for your investments.

Pershing Securities Limited - Key Facts

  • As part of BNY Mellon, the world’s largest custodian, client asset protection is the core of what Pershing do, with $34.8 trillion in client assets* under custody and/or administration.
  • In compliance with the Financial Conduct Authority’s Client Asset Rules, your investments are held on trust in accounts segregated from Pershing’s own assets. In other words, they are ring-fenced from Pershing’s own corporate assets. Therefore, in the unlikely event of default by Pershing, your assets would be allocated to you as the beneficial owner.
  • In addition, the FCA’s Client Asset Rules require Pershing to perform regular checks to verify that investor assets held in trust are accurately recorded.
  • Eligible Investors, as outlined on the FCSC website, will also be protected by the Financial Services Compensation Scheme in the UK and the Investor Compensation Company Limited (ICCL) in Ireland.
  • Pershing also has additional insurance policies in force to protect against financial loss caused by events such as forgery, fraudulent alteration and computer crime.

*As of 30th September 2019
Note: Investor account protection does not cover investment risk.


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Where Your Cash Is Held

  • Your cash is held in the Pershing Cash Account
  • Pershing holds your cash balances as Client Money, which means that money in your Cash Account is held by Pershing acting as trustee. It is segregated from Pershing’s own corporate 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. The limit is currently £85,000 per eligible claimant per FCA authorised financial institution.

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What matters to you

Our Head Office asked investor clients to rate the most important elements of the service they receive from their Raymond James Wealth Manager. Results show that of the top three things that matter the most to clients, 99% of respondents are satisfied that their wealth manager delivers on each quality.

& Trust

99% Client Satisfaction

Investment Knowledge

99% Client Satisfaction

Security Of Investments

99% Client Satisfaction

Investment Performance

96% Client Satisfaction

Clear Communication

98% Client Satisfaction

Survey was conducted across Raymond James Wealth Manager branches across the UK.

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