Businesses that are newly established, often in early stages and finding their product market fit. You are yet to go live and have a client waitlist. You may be at pre-seed or seed stage.
The investment and wealth management world is highly regulated as it involves people’s money.
The most common permissions in the wealth and investment space are:
As a startup, you may not have these permissions as you are earlier in your journey. There are two paths to obtaining these permissions including
Applying to the FCA to become Directly Authorised
Becoming an Appointed Representative of a Regulatory Principal
You should seek qualified, independent advice before going down either of these routes, so that you are sure what permissions you require – and your obligations to your customers, the FCA, or your Principal that these entail.
WealthKernel has been providing investment infrastructure since 2015, and holds FCA permissions for its activities. You can view our full permissions on the FCA Register.
For more information on the regulatory environment, you can view our regulatory overview page here.
WealthKernel supports all types of regulated businesses, and the most common built on our API are execution-only (XO), discretionary and advisory. Startups usually start with execution-only propositions, as they allow their customers to make their own decisions and offer them a platform to execute trades. Execution-only business models are often viewed as less complex than Discretionary and Advisory models as they need less compliance oversight and permissions.The investment and wealth management world is highly regulated as it involves people’s money.
When onboarding customers into your business, you will collect information about the party during the sign-up process. As a regulated business, you will need to ensure that your customers have been through the KYC process to verify their identity and address.
Tenants can use our evidence-based KYC outsourcing, where they can complete identity checks and sanctions screening, as well as record the outcomes and supporting evidence on the API.
WealthKernel provides a system to record and store verification evidence without needing to duplicate or manage each individual check.
Scaleups are businesses that have already found their product market fit, have gone live and are looking to scale that growth. You may be at Series A or later funding stages, or already be profitable.
In order to offer an investment proposition to your customers, you will need the relevant permissions that match your business model.
The most common permissions in the wealth and investment space are:
If you already have the permissions mentioned above for your regular business activities, you can start integrating with our API.
You can apply to the FCA for a Variation of Permission (VoP) if you need to change or add to your existing regulated activities. This can take up to 6 months.
You may also currently be unregulated for investments, and are looking to add an investment proposition for your users, in which case you can either apply to the FCA to become Directly Authorised or become an Appointed Representative of a Regulatory Principal.
WealthKernel has been providing investment infrastructure since 2015, and holds FCA permissions for its activities. You can view our full permissions on the FCA Register.
For more information on the regulatory environment, you can view our regulatory overview page here.
WealthKernel supports all types of regulated businesses, and the most common ones built on our API are Execution-Only (XO), Discretionary and Advisory.Scaleups usually start with execution-only propositions, as they allow their customers to make their own decisions and offer them a platform to execute trades. If your business offers multiple investment journeys for your customers, a single integration with our API can support them simultaneously.
As a scaleup, you will already have a process for onboarding customers and collecting their information.Evidence-based KYC outsourcing : Tenants can use our evidence-based KYC outsourcing, where they can complete identity checks and sanctions screening, as well as record the outcomes and supporting evidence on the API.
WealthKernel provides a system to record and store verification evidence without needing to duplicate or manage each individual check.
PIR offers tax incentives to savers investing in small and medium sized Italian companies. It can be sold as mutual funds, discretionary accounts, life policies or security deposit accounts and carries full exemption from 26% income tax if savers stay invested for at least five years.
PIR plans are aimed at retail investors resident in Italy who can invest a maximum of €30,000 per year and up to €150,000 over five years.
At least 70% of assets must be invested in financial instruments (equities or bonds) issued by Italian and/or foreign companies (EU and EEA) permanently established in Italy under the domestic fiscal regime. Of this 70%, at least 30% (or 21% of total investable assets) must be in Italian small and mid caps not included in the main index (FTSE MIB).
In order to offer an investment proposition to your customers, you will need the relevant permissions that match your business model.
The most common permissions in the wealth and investment space are
If you already have the permissions mentioned above for your regular business activities, you can start integrating with our API.
You can apply to the FCA for a Variation of Permission (VoP) if you need to change or add to your existing regulated activities. This can take up to 12 months. You may also currently be unregulated for investments, and are looking to add an investment proposition for your users, in which case you can apply to the FCA to become Directly Authorised or become an Appointed Representative of a Regulatory Principal.
WealthKernel has been providing investment infrastructure since 2015, and holds FCA permissions for its activities. You can view our full permissions on the FCA Register.
For more information on the regulatory environment, you can view our regulatory overview page here.
WealthKernel supports all types of regulated businesses, and the most common ones built on our API are Execution-Only (XO), Discretionary and Advisory.
Scaleups usually start with execution-only propositions, as they allow their customers to make their own decisions and offer them a platform to execute trades. If your business offers multiple investment journeys for your customers, a single integration with our API can support them simultaneously.
As a scaleup, you will already have a process for onboarding customers and collecting their information.
Evidence-based KYC outsourcing : Tenants can use our evidence-based KYC outsourcing, where they can complete identity checks and sanctions screening, as well as record the outcomes and supporting evidence on the API.
WealthKernel provides a system to record and store verification evidence without needing to duplicate or manage each individual check.
Spanish compliant investment bonds are tax-efficient, unit-linked platforms for EU regulated funds such as collective investment schemes and unit trusts.
To avail tax benefits on the above, the resident must invest in a tax-saving life insurance bond that contains an element of ‘risk’ and pays out life insurance over and above the plan (around 101%).
Established in 2012, ISK makes it easier to trade in financial instruments. Unlike an ordinary securities account, you pay no capital gains tax on your transactions.
It is a tax wrapper in which gains are not taxed. Instead, a tax is taken on returns each year, calculated on the market value of the securities in the account multiplied by a standardised interest rate.
Established businesses are mature businesses with a strong market presence and a significant customer base. You could be looking to increase your market share by expanding into investments, or re-platforming your existing business to stay ahead of the competition.
In order to offer an investment proposition to your customers, you will need the relevant permissions that match your business model.
The most common permissions in the wealth and investment space are
If you already have the permissions mentioned above for your regular business activities, you can start integrating with our API.
You can apply to the FCA for a Variation of Permission (VoP) if you need to change or add to your existing regulated activities. This can take up to 12 months. You may also currently be unregulated for investments, and are looking to add an investment proposition for your users, in which case you can apply to the FCA to become Directly Authorised or become an Appointed Representative of a Regulatory Principal.
WealthKernel has been providing investment infrastructure since 2015, and holds FCA permissions for its activities. You can view our full permissions on the FCA Register.
For more information on the regulatory environment, you can view our regulatory overview page here.
WealthKernel supports all types of regulated businesses, and the most common ones built on our API are Execution-Only (XO), Discretionary and Advisory.As an established business, you will have a regulatory business model that works for you. You could be looking to re-platform your current proposition or expand your current offering. If your business offers multiple investment journeys for your customers, a single integration with our API can support them simultaneously. Like IRA, 401k is tax saving retirement plan offered by American employers. Under this plan, employees agree to have a percentage of their salary directly invested into the account, with their employers matching part or all of the contribution. In addition, employees get a tax break on the money invested.
As an established business, you will already have a process for onboarding customers and collecting their information.Evidence-based KYC outsourcing : Tenants can use our evidence-based KYC outsourcing, where they can complete identity checks and sanctions screening, as well as record the outcomes and supporting evidence on the API.
WealthKernel provides a system to record and store verification evidence without needing to duplicate or manage each individual check.
You would also need access to our Orders API, which offers a single endpoint to transmit orders and execute them. We also offer a broad investment universe and allow our tenants to select which instruments they would like to offer. You can have a look at our investing universe here.
After you select your choice of instruments, we will make them available to trade via our Orders API. We trade both real-time, where orders are immediately with our sub-brokers, and once a day, i.e., all of your client orders are combined in a certain window and sent to our sub-broker once a day.
WealthKernel supports a broad range of investment instruments, and all of our investments are liquid and suitable for the retail market. This helps our Tenants customise their investment offering with their choice of instruments.
We currently support US stocks, UK stocks, ETFs, and Mutual Funds and also offer all of our supported instruments in fractions. WealthKernel operates a sub-broker model and can trade real-time or consolidate client orders in a certain window, and send it to a sub-broker once a day. We also settle all orders in GBP.
Accounts will form the core of your investing proposition. Every business launching a new investing proposition must consider the account types that will hold their customers' investments. With WealthKernel, your business can offer flexible investment options to customers and enable them to invest in their choice of products. WealthKernel can support all of the following account types in the UK.
Learn more about our account types on our page.
Disclaimer - Tax treatment depends on individual circumstances and may be subject to change in the future.
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We act as custodian for the assets that belong to customers and hold them separately in an account held by WealthKernel Nominees. Client money is held in separate bank accounts with UK-regulated banks.
WealthKernel also strictly complies with the CASS rules and is responsible for safeguarding and securing clients’ money as well as records, accounts and reconciliations. We receive regular audits from an external party to ensure that our systems and controls around Client Money are working appropriately.
We support a diverse range of payment methods that give you the flexibility to choose an approach that best suits your users’ needs. This allows your users to make one-off and recurring deposits to their portfolios.
After WealthKernel receives a deposit from your users, we match it with the deposit expectation that contains the details of the source account.
We enable users to transfer their assets held at another provider into our accounts at WealthKernel. The transfers can be made in cash or in-specie, depending on the asset type and you and your customer's choice.
You can view the payment types we support here.
At WealthKernel, we believe that your front end is what differentiates you from your competition. That’s why we focus on providing all the building blocks needed to create an investment proposition without designing the website or application ourselves.
WealthKernel has publicly available API docs and a sandbox environment so developers and product owners can evaluate what can be built with our API endpoints.
