FCA Approved and Regulated
The firm is fully approved and regulated by the UK’s financial regulator, the Financial Conduct Authority. You can confirm this by going to www.fca.org.uk and searching for ‘London Stone Securities’. You will see our FCA registration number 479827.
You will also see the firm’s telephone number 020 3697 1700. Calling this number and speaking to the firm is the official method to verify that the firm is genuinely regulated and not a clone.
We never hold any of your shares, funds or cash which means that if even anything happens to us, your portfolio is 100% safe.
We use a firm called Jarvis Investment Management (JIM), which is one of the UK’s largest custodians, responsible for holding funds for many stockbrokers and wealth managers. JIM was founded in 1984 and is listed on the London Stock Exchange. It is a very established firm with a very long history (nearly 40 years) of protecting client assets which is the reason we chose to use them.
JIM Company Information
JIM Audited Accounts
JIM is a profitable organisation. It offers an execution only service and therefore avoids the substantial risks of other financial firms. Most investors hold their portfolios with companies that actively invest their own capital; this increases their risk significantly. JIM, on the other hand, is simply a ‘holding’ institution. It does not trade and therefore does not have this trading risk.
JIM Share price
Financial Services Compensation Scheme (FSCS)
In the highly unlikely event that something was to happen to JIM you are afforded the full protection under the FSCS, which is currently £85,000. In addition to this JIM also has its own independent professional indemnity liability insurance up to £2m which gives it further protection against risk.
Company Founded in 2008
London Stone Securities was founded in 2008 and during that time has helped thousands of investors. It is a profitable organisation and has had no regulatory issues with the FCA. It has a 100% clean record with the FCA with no fines or suspensions.
In the highly unlikely event that anything was to happen to us e.g., bankruptcy, there is no risk to you. Your portfolio would simply be managed on an execution only basis with JIM until you decide to transfer to another broker.