WiseAlpha Technologies Limited, which operates the platform is authorised and regulated by the FCA. It is required to maintain a minimum level of capital to operate on an ongoing basis and must report to the FCA.

In the event that WiseAlpha Technologies' capital falls below the level required to operate on an ongoing basis all clients’ cash balances and investments in Fractional Bonds would not be affected and there would be a transition period to a new platform operator.

The corporate bond assets that back WiseAlpha Fractional Bonds are ring-fenced and protected in a bare trust arrangement with WiseAlpha Technologies as Trustee.

WiseAlpha Technologies as Trustee utilises the services of global custodian, Titan Settlement & Custody Limited to hold the corporate bonds. They do not form part of the assets of WiseAlpha Technologies Limited and in the event WiseAlpha Technologies Limited went out of business would remain segregated. Titan Settlement & Custody Limited is authorised and regulated by the FCA (FRN: 533039).

Uninvested client cash is held in a segregated client account with Natwest Bank and would be returned to clients during the transition phase.

In order to ensure a smooth transition to a new operator of the platform, a new Trustee would be appointed to ensure the ongoing payment of interest and capital repayments for Fractional Bond holders. The fees currently generated from the Fractional Bonds would be more than sufficient to cover ongoing custody charges and any additional trustee fees meaning that it would be extremely unlikely that any additional charges would be incurred by holders of the Fractional Bonds.

Further, the web platform that is operated by WiseAlpha Technologies will be handed over to an administrator with all client data and records held intact in order to keep website transactional capability for investors intact and minimize any customer service disruption until there is a new operator/owner of the platform.

In the event that no party takes over the web platform, the new Trustee of the Fractional Bonds would continue to make interest and capital repayments to investors.

Read more about the specific risks of investing with WiseAlpha here.