About Us
Royal Exchange Investment Management is a private client investment management firm acting for individuals, trusts, charities and corporations.
Royal Exchange aims to continue and enhance the City of London’s traditional commitment to providing personal, truly bespoke investment management services. Royal Exchange managers focus on the interests of their clients above all others. Our senior people have worked together for over twenty years and have always looked to place the needs and interests of their clients first.
Our commitment to the very highest industry standards is offered to new clients and to our long-standing relationships. Many of our clients belong to multi-generational families served in some cases for almost a century by successive generations of our people.
About Raymond James
Raymond James administers client accounts, and has an arrangement with BNY Pershing (Pershing Securities Limited) to act as custodian for investments.
BNY Pershing is part of the Bank of New York Mellon Corporation, one of the world’s strongest financial institutions, with over $50 trillion in client assets under custody and/or administration.
In compliance with the Financial Conduct Authority’s Client Asset Rules, investments are held on trust in accounts segregated from BNY Pershing’s own assets. In other words, they are ring‑fenced from BNY Pershing’s own corporate assets. Therefore, in the unlikely event of default by BNY Pershing, client assets would be allocated to clients as the beneficial owner.
In addition, the FCA’s Client Asset Rules require BNY Pershing to perform regular checks to verify that client assets held in trust are accurately recorded.
In the unlikely event that BNY Pershing had failed to properly apply the FCA’s Client Asset Rules and had also defaulted on its obligations, eligible clients would be able to make a claim to the Financial Services Compensation Scheme (FSCS) for any assets lost by BNY Pershing. The FSCS provides cover up to £120,000 per eligible claimant for investments.
BNY Pershing also has additional insurance policies in force to protect against financial loss caused by events such as forgery, fraudulent alteration and computer crime.
Note: Client account protection does not cover investment risk.
Client cash is held in the BNY Pershing Cash Account.
BNY Pershing holds cash balances as Client Money, which means that money in client Cash Accounts is held by BNY Pershing acting as trustee. It is segregated from BNY Pershing’s own corporate assets and held in designated trust accounts at one or more banks.
Should any of the banks that BNY Pershing uses fail, investor protection provided by the FSCS applies. The limit is currently £120,000 per eligible claimant per FCA authorised financial institution.