How does Quilter Cheviot hold my money?
We hold your money for you in trust, placing it on deposit for you. It remains your money and is ring-fenced from our own assets. We are not a bank and do not use your money to run our own business.
Your money is held in pooled client money bank accounts in banks that meet all the appropriate local regulatory requirements. We review the banks we use in our Client Money and Counterparty Committee quarterly meetings.
Investments in our custody but not held in our nominee company (generally overseas and unit trust investments) are held using the services of unaffiliated approved custodians who have gone through our due diligence process.
The overriding premise of any decision they take is the security of your money.