Every firm assessed against the same 56 questions, with the finding a reader most needs to see. The quoted passage under each name is one of that report’s own findings — chosen because it is consequential, not because of what it says.
Who holds client money, and under which regime is it held?
the difference between the interest paid to us or our Group companies by a Bank on the aggregate amount of the Cash held by us with the Bank and the interest we pay to you
The terms state that customer Cash is held by AJ Bell with a Bank.
Which entity acts as custodian of client assets, and is it a separate legal entity from the operator?
We also accept full responsibility for any obligations it may owe you if it becomes insolvent.
The terms state that the firm accepts full responsibility for any obligations Transact Nominees Limited may owe the client if it becomes insolvent.
Are there requirements, restrictions or waivers on the permissions?
the Firm must not, without the prior written consent of the FCA, onboard any new customers to its business savings account
The register records that the firm must not onboard new business savings customers without the FCA's prior written consent.
Are there published warnings or unauthorised-firm alerts naming this entity or a clone?
This is the genuine, authorised firm that the fraudsters are claiming to work for. It has no connection with the clone firm. The correct details are: Firm Name: J.P. MORGAN PERSONAL INVESTING LIMITED Firm Reference Number: 552016
The FCA published a separate warning, first published 27/05/2022, about a clone firm using the name 'Nut-Meg'; the warning's 'FCA authorised firm details' section names J.P. Morgan Personal Investing Limited, firm reference number 552016, as the genuine authorised firm the fraudsters were claiming to work for.
Are client assets subject to lending, rehypothecation or re-use?
IG T&I may elect to sell the Secured Assets in order to meet the Secured Obligations owed by you.
The agreement states that IG T&I may elect to sell the Secured Assets in order to meet the Secured Obligations owed by the client.
Which compensation scheme applies to the entity, or does none apply?
The money in your Account isn't covered by the Financial Services Compensation Scheme (because it’s safeguarded instead).
The terms state that money in the Revolut account is not covered by the Financial Services Compensation Scheme because it is safeguarded instead.
Which compensation scheme applies to the entity, or does none apply?
FSCS can't protect e-money or payment services firms. We can only protect money held by UK branches of authorised banks and building societies and credit unions
The scheme states that it cannot protect electronic money or payment services firms, and that it can only protect money held by UK branches of authorised banks, building societies and credit unions.
Are client assets subject to lending, rehypothecation or re-use?
Investments will not be lent to a third party and we will not borrow money against your investments.
The agreement states that investments will not be lent to a third party and the firm will not borrow money against the client's investments.
What spread or implicit cost applies, and is it disclosed?
Starling’s inbound exchange rate is based on a mid-market point calculated from third-party exchange rates, plus a margin.
The document discloses that a margin is added to the mid-market rate used for Starling's inbound exchange rate.
Who holds client money, and under which regime is it held?
Once money reaches your investment account, the Investment Services Partner holds it as client money and the FCA rules on client money distribution and transfer rules will apply.
The agreement states that once money reaches the investment account, the Investment Services Partner holds it as client money and the FCA rules on client money distribution and transfer apply.
Are interest arrangements on cash balances disclosed, including any retained share?
If you choose not to participate in the Interest Sharing Programme, we will not hold your Available Cash in QMMFs and therefore, no interest will be paid to you as per clause 15.1. We may still hold your Available Cash in Term Deposits and/or Regular Bank Deposits with UK/EU-regulated financial institutions, and we will retain any received interest.
The client agreement states that if a client chooses not to participate in the Interest Sharing Programme, no interest will be paid to them and the firm will retain any received interest.
Which entity acts as custodian of client assets, and is it a separate legal entity from the operator?
We 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'
The client agreement states that Freetrade acts as the custodian of the investments in the customer's Freetrade Account, keeping them in safe custody and treating them as client assets.
Completeness is a measure of our evidence, not of the firm. A low figure means we could not confirm something from public sources. It does not mean a firm is deficient — many well-run firms disclose little, and some poorly-run firms disclose a great deal. The number of criteria differs between firms because some cannot arise: a bank that holds no client securities has no custodian, and those criteria are removed rather than counted against it.
Nothing is published below 60% completeness. Every figure is computed from stored evidence you can read in full.