Remove complexity

The Solution

A graphic image in isometric style describing the structure of WealthKernel's custody offering. From bottom to top it reads: sub-custody, WealthKernel nominee, your business, your customers.

WealthKernel’s turnkey solution removes the regulatory and technical complexity of holding your users’ client money and assets. Using our custody service, companies can easily outsource a critical part of their operations to a trusted UK custodian.

Safety

Our custody solution ensures fully FCA-compliant safety of client assets and money.

Protection

Clear and transparent record keeping, accessible via our API.

A graphic image in isometric style describing the structure of WealthKernel's custody offering. From bottom to top it reads: sub-custody, WealthKernel nominee, your business, your customers.
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Balance
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£90
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How we do it
Our Regulatory Accreditations

WealthKernel holds the Safeguarding and Administration of assets (without arranging) permission from the FCA and strictly adheres to the CASS rules.

Safety and Security

We are responsible for safeguarding and securing client money along with records, accounts and reconciliations.

We hold client money in segregated client money bank accounts.

Client Assets

WealthKernel segregates assets according to the CASS rulebook to protect them. We hold client assets in a specific client asset account and ensure that client assets are applied to a client portfolio.

We engage in strict record-keeping and have a robust root-cause framework to investigate breaches.

robust

Reconciliation And Contingency Checks

WealthKernel conducts regular audits to ensure that our systems and processes around Client Money are working appropriately. We also hold separate books and records to compare and ensure that our records are correct.

We conduct daily reconciliations separate from the creation and maintenance of the underlying records. The reconciliation checks are mainly:

External Reconciliation

Matching our records against the external records of either of our banks

Daily External and Internal client money calculation

Matching the aggregated customer records with our aggregate level records from system accounts

WealthKernel has several procedures in place to protect client money and assets in the unlikely event of an insolvency - so, your client assets are protected with us.

HOW IT WORKS

Frequently Asked Questions

Do WealthKernel engage in lending activity?
Why do you segregate assets?
How do you perform segregation of client money and assets?
How often do you reconcile?
What is an "external" reconciliation?
What is "holding separate books and records"?
What is CASS?

Read About Our Other Services

Vertically integrated investing services, all available over API

Speak To Our Team Today

If you're interested in our custody solution, you can fill out an enquiry form and a member of our team will get back in touch with you to discuss your proposition.