WealthKernel is an FCA-regulated custodian. Our service enables fintechs and advisors to custody the client money and assets of their users.
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.
Our custody solution ensures fully FCA-compliant safety of client assets and money.
Clear and transparent record keeping, accessible via our API.
WealthKernel holds the Safeguarding and Administration of assets (without arranging) permission from the FCA and strictly adheres to the CASS rules.
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.
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.
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:
Matching our records against the external records of either of our banks
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.
Vertically integrated investing services, all available over API
Onboard your users with ease, with tailored onboarding flow rules, questions to cover risk and suitability, and automatic KYC and AML checks.
Comprehensive trading built on cutting-edge tech. Trade thousands of fractional securities across markets in multiple currencies.
We’re a fully licensed custodian for client money and assets in the UK. Cash and securities are held at tier 1 banking and sub-custodian partners.
Access a range of UK tax wrappers and accounts tailored to fit your customers needs including ISAs, GIAs, SIPPs, and JISAs.
We support BACS, CHAPS, direct debits, open banking, instant matching deposits, recurring payments, and standing orders.
Seamlessly manage models, programmatically rebalance, track performance data, manage fee accrual, model drift, and more.
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.