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primebroker is backed by Aviva, the UK’s largest insurance provider and a global financial services company.
primebroker remains fully authorised and regulated by the Financial Conduct Authority. Our customers’ money will be covered by the Financial Services Compensation Scheme (FSCS) up to £85,000.
Aviva and primebroker are independently covered by the FSCS scheme, so a customer holding funds with both companies will be covered by the FSCS on each other their balances up to £85,000.
Yes, your money is safe when using primebroker, as the companies we work with, and primebroker itself, are regulated by the Financial Conduct Authority and hold your cash securely and separately from their own. This means that if primebroker went into administration, our creditors wouldn’t have a claim to your assets.
Here’s a simple breakdown of who holds the funds to each of our products:
INVESTMENT CUSTOMERS
General Investment Account
Your funds are held by Winterflood Securities Limited.
Stocks and Shares ISA
Your funds are held by Winterflood Securities Limited.
Junior ISA
Your funds are held by Winterflood Securities Limited.
Self-Invested Personal Pension
Your funds are held by Embark Investment Services.
Aviva and primebroker are independently covered by the FSCS scheme, so a customer holding investments with both companies can be covered by the FSCS on each other their balances up to £85,000.
It's important to understand that the FSCS doesn't cover you in the event that your investments do not perform as expected, and you get back less than you originally invested.
For more information about FSCS cover for investment products, visit the FSCS website.
SAVINGS CUSTOMERS
Instant Access Savings Account
Your funds are held by ClearBank Limited.
Please be aware that all your eligible deposits in accounts powered by ClearBank are added together when determining your level of FSCS protection. Compensation is limited to a maximum of £85,000 per person, per banking licence. Visit the ClearBank website to see which other deposit providers have accounts using ClearBank's banking licence.
If primebroker were to fail: ClearBank will continue to hold your funds and there would be no need for the FSCS to step in.
If ClearBank were to fail: you would need to make a claim via the FSCS where they will step in to protect your funds up to a maximum of £85,000.
For more information about FSCS cover for savings products, visit the FSCS website.
For any other queries about FSCS cover with primebroker, visit our dedicated FSCS Protection page.
We’re based in Cardiff, in South Wales. primebroker is a UK limited company registered in England and Wales (No. 09034828). Our registered office is Tec Marina, Terra Nova Way, Cardiff, CF64 1SA. We are authorised and regulated by the Financial Conduct Authority (No. 662530).
No. We are not regulated to give you advice on whether investing is right for you. If you’re unsure, you should always seek the advice of an Independent Financial Adviser (IFA).
This depends on which product you have with us.
Winterflood Securities Limited acts as the custodian for your money held in an ISA, Junior ISA or General Investment Account with primebroker. They are responsible for holding your cash and investments safely. They’re regulated by the Financial Conduct Authority (FCA) and are part of Close Brothers Group, who have been trading for more than 130 years. They hold your cash and investments separately from their own (ring-fenced) per the FCA’s client asset rules.