Which entity acts as custodian for client securities?
Answered for 4 of 6 firms. Client agreement or filed accounts naming the custodian
FREETRADE LIMITED
VerifiedWe act as the custodian of the Investments in your Freetrade Account(s), which means that we keep them in safe custody for you and treat them as 'client assets', in accordance with Applicable Requirements.
The client agreement states that Freetrade itself acts as custodian of client Investments.
Binding document · Freetrade Limited · Check the source
The SIPP Terms create a separate agreement between you and Platform One as the trustee and operator of the Freetrade SIPP.
The document states that Platform One acts as trustee and operator of the Freetrade SIPP under a separate agreement from the general Freetrade Terms and Conditions.
Binding document · Freetrade Limited · Check the source
Holding and administering the Investments in your Freetrade Account (our “ Custody Service ”);
The terms and conditions state that Freetrade provides a Custody Service consisting of holding and administering the Investments in the customer's Freetrade Account.
Binding document · Freetrade Limited · Check the source
HLAM administers and holds the cash and investments in all Accounts other than the PMS SIPP. HLPT holds the cash and investments in PMS SIPP Accounts as trustee of the HL SIPP.
The document states that HLAM administers and holds the cash and investments in all Accounts other than the PMS SIPP, and that HLPT holds the cash and investments in PMS SIPP Accounts as trustee of the HL SIPP.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
We do not accept liability for default or mistakes by any third party, other than a member of the Hargreaves Lansdown Group, who is the nominal holder, or has some other form of custody, over your registered investments.
The agreement states that a member of the Hargreaves Lansdown Group acts as the nominal holder, or has some other form of custody, over the client's registered investments.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
Investments you purchase or transfer into an Account will be held in the name or to the order of HL Nominees or any other nominee company in the Hargreaves Lansdown Group or by an approved third party custodian to our order.
The agreement states that investments purchased or transferred into an Account will be held in the name of HL Nominees or another nominee company in the Hargreaves Lansdown Group, or by an approved third party custodian.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
MONZO BANK LIMITED
VerifiedSeccl Custody Limited deals in investments, is the custodian of assets held on the platform and is the ISA manager.
The document states that Seccl Custody Limited is the custodian of assets held on the platform.
Binding document · Monzo Bank Limited · Check the source
TRADING 212 UK LIMITED
VerifiedYou hereby authorise us to hold your Investments in safe custody as your custodian (or appoint a Sub-custodian to do so)
The client agreement states that the client authorises the firm to hold investments in safe custody as custodian, or to appoint a sub-custodian.
Binding document · Trading 212 UK Limited · Check the source
STARLING BANK LIMITED
Does not applyThe FCA Register records ten regulated activity permissions for this firm, none of which is safeguarding and administration of assets. The firm arranges deals in investments but does not hold client securities, so the question of which entity acts as custodian for them cannot arise
WISE PAYMENTS LIMITED
Does not applyThe FCA Register records this firm's permissions as payment services and electronic money issuance only, with no permission for safeguarding and administration of assets. The firm holds no client securities, so the question of which entity acts as custodian for them cannot arise
Every firm here was asked the same question against the same published standard, and every answer quotes the passage it came from. Where the answers differ, the difference is in the firms’ own documents, not in how we read them.
Darker text marks stronger evidence. A statutory register prints at full strength; a firm’s own marketing prints lighter. The methodology sets out the weightings.