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Investment administration and custody

Investment Administration and Custody

  • We arrange for clients to use an external specialist custodian to ensure the security of their assets.
  • This ensures that clients’ assets are kept entirely separate from GBIM which protects all parties in the event of an unforeseen situation
  • The custodian provides all the advantages and security of a large firm and allows us to concentrate on investment management and client service.
  • The custodian is also regulated by the Financial Conduct Authority and is obliged to follow rules and processes relating to the handling of client assets and client money
  • GBIM regularly reviews custody arrangements

Since founding of the original partnership in 2004 clients had used Adam & Company, a wholly owned subsidiary of the Royal Bank of Scotland to provide this custody and administration service. Following a decision by Adam & Company to withdraw from providing third party administration, acting as agent for its clients, GBIM appointed Pershing Securities Limited (Pershing) as custodian from April 2017.

Established in 1987, Pershing is a subsidiary of the Bank of New York Mellon Corporation (BNY Mellon). BNY Mellon was formed in 2007 by the merger of the Bank of New York Company Inc. and Mellon Corporation. Today Pershing is a specialist in the area of asset servicing and custody. In the UK, Ireland and Channel Islands, Pershing manages over 120 client relationships for a variety of organisations. Globally, Pershing serves more than 1,500 institutional and retail financial organisations and independent investment advisors. Collectively, Pershing customers represent over five million investors with over US $1.05 trillion in assets in custody.

Pershing arranges all settlement, dividend collection, ISA management and administration alongside other nominee services.

More details on how Pershing hold investments and cash can be found in this document.

Questions?

If you have any questions or require more information, please click the button below to send us a message via our contact form, or call one of our offices to speak to us.

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GBIM, Gore Browne and Gore Browne Investment Management are trading styles of GBIM Limited which is authorised and regulated by the Financial Conduct Authority (FCA number 593265) and is a limited company registered in England (07746731). Registered and Head Office at Chequers Court, 37 Brown Street, Salisbury, Wiltshire, SP1 2AS

Quick Contact

Harrogate Office: 01423 508040

Salisbury Office: 01722 424444

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© Copyright 2019 Gore Browne Investment Management, Salisbury, Wiltshire, SP1 2AS. All rights reserved.
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