Security of Your Assets
The Group's Nominee companies are separate legal entities from Brewin Dolphin Ltd. and do not trade. Clients' assets, held by our Nominee companies and their various depots, are held in trust and are not regarded by third parties as belonging to Brewin Dolphin Ltd. Securities can be transferred out of our Nominee only with the authorisation of two Nominee company appointed signatories, acting upon your instructions.
Our Nominee companies are regularly audited by Deloitte & Touche, comply with FRAG 21 and are run in accordance with the Financial Services Authority rules. Clients' assets held in our Nominees are treated by the Financial Services Compensation Scheme in the same manner as stock registered in clients' own names.
There is a contractual relationship between Brewin Dolphin Ltd and each client,
and between Brewin Dolphin Ltd and our Nominee companies.
Brewin Dolphin Ltd has taken care to ensure the quality of its insurance
programme. We have in place specific cover via the Securities Industry Policy Scheme
to provide us with protection to its maximum limit of £20 million for any one claim
in respect of losses arising out of fraud, misappropriation or theft of any client's
assets in our custody and control, which includes both cash and securities. As a
further safeguard we have topped up this cover to give us a total insured limit
of £75 million.