Non-readily Realisable Security

These are regarded as illiquid, hard-to-price securities for which there is no or only a limited secondary market. This classification is used by the FCA in order to limit ‘restricted’ or ‘standard’ investors from certifying they will only invest up to 10% of their net assets in these types of securities. Currently investments on the wiseAlpha platform are categorised as such, although we believe this categorisation should change in the future. As a comparison unsecured P2P loans to small business with a higher risk profile do not suffer from this restriction.

Capital at risk. No FSCS cover. See Risk Statement.