InvestNow client funds are held in an independent custodial account which is run and operated by Adminis, who have been appointed to provide custody services to InvestNow. This ensures that there is complete separation of client assets from InvestNow as a business. The custodial account is also structured to ensure that all assets, including the bank accounts, are ring-fenced from the custodian’s business. The custodian is audited annually by PWC and client accounts are subject to daily reconciliation.
InvestNow is a registered Financial Services Provider. InvestNow is a wholly owned subsidiary of Implemented Investment Solutions (IIS). IIS is also audited annually by PWC, which also covers InvestNow as a subsidiary. Past annual reports of IIS are available on the Companies Office website.