A custodian with the backing of Octopus
When it comes to choosing a custodian, financial resilience is important. We're young and nimble, but also have the backing of Octopus - the £multi-billion financial services and energy group…
Visit OctopusEfficient, automated, resilient.
Our role as an FCA-regulated custodian is at the very heart of our offering
Affordable custody
At a glance
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Legacy-free technology that's built for scale
Technology that makes us, we think, the most automated custody and trading solution in the market
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Operational maturity and resilience
Our robust processes, rigorous controls, and deep expertise in custody, regulatory compliance, and CASS
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Our financial strength and stability
Bolstered by our cash-rich, values aligned funding partner, Octopus
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Affordable custody
Safeguard your clients' cash and assets, for a max cost of 10bps
Why Seccl
What makes us different?
- Autonomous: We're a full custodian and a direct member of CREST so have no reliance on third-party sub-custodians. And, as we're powered by our own modern, proprietary technology, we can act more quickly and nimbly than most.
- Automated: We've built what we believe is the most automated custody and trading solution in the market, because we let our technology do the heavy lifting. This reduces manual error, increases efficiency, and ensures faster, more reliable custody, at scale.
- Agnostic: All cash and assets in our custody are managed under the CASS regime. Including pension assets that some platforms exclude from CASS (because they can). Pension or non-pension assets - we give them all the same protection.
Financial strength & stability
A disruptor, backed by substance
Custody isn't about size - whether that's assets, headcount, or any other metric - it's about substance.
CASS
Auditor - Deloitte
Financial crime
AML - Northrow
Information security
ISO27001
Operational resilience
Robust processes and rigorous controls
Our custody solution
Feature-rich custody
As an FCA-regulated 'full' custodian, we protect the cash and assets of hundreds of thousands (soon to be millions) of people, following the FCA's Client Assets Sourcebook (CASS) rules.
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Payments & transfers
Our payments and transfers are automated wherever possible, integrated and highly efficient. -
Reconciliations
Our reconciliations process is highly automated, meaning intervention is only required on a 'by exception' basis. -
Trading
We offer integrated, custom-built trading for a wide range of investment solutions. -
Assets
Our ever-growing asset range includes over 2,000 funds through 190 fund managers, 400 equities, 400 ETFs and 150 investment trusts.
Key partners
Our custody solution
A closer look at our custody service
We think we're the enterprise-scale custody partner of choice for firms looking to future-proof their operations. Download our guide to find out why.
Download our guide
API-First approach
How we facilitate our custody solution
To deliver our custody services, we built our own proprietary system from scratch. We call it 'Core'. It's supported by a number of integrations with key third parties in the investment value chain.
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Banking and cash collection
Core integrates with our banking partner Lloyds for payments in and out of the system and GoCardless for Direct Debits. -
Trading and settlement
Core integrates with Winterflood Business Services and CREST for the buying and selling of ETIs, and Calastone for non-ETIs. -
Data
To access data on the price of assets on global exchanges (among other things), Core integrates with Intercontinental Exchange or 'ICE'
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99.5%
of trades we route to market are processed as 'straight through'
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0.08%
Our trade error rate - which we aim to reduce by a further 75%
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10
seconds to receive money from client's bank and be ready to invest in the market
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9m+
total transactions processed in 2024
Flexible custody
How do we do it?
At Seccl, we typically run a model B custody arrangement - though we are open to delivering either.
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In an outsourced, 'model A' settlement and custody set up, a third-party maintains the books and records for the customer firm to allow them to fulfil their regulated activities, in their name. The customer firm holds the agreement with the customer and the regulatory responsibility.
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In a 'model B' arrangement, a third-party (such as Seccl) is appointed to take on the regulated activities. The Platform Operator will arrange these activities on behalf of the investor but it's the third-party that has the direct legal relationship and needs the appropriate permissions.