SVS Securities - shut down?

manorhouse

Billion ? 
I see the share price just back a little from all time high .
They say the market does not lie .
I must have a look at the Flatex share price .
Svs had shares i think but not sure how listed 
How big are Hl , Bell , Jarvis .and II... I think it was said earlier size matters.

CameronRiley

Nothing here yet.  What a shambles!

My2penneth

manorhouse said:

Billion ? 
I see the share price just back a little from all time high .
They say the market does not lie .
I must have a look at the Flatex share price .
Svs had shares i think but not sure how listed 
How big are Hl , Bell , Jarvis .and II... I think it was said earlier size matters.

Just some numbers pulled from wiki.

interactive investor is an online investment service in the United Kingdom, founded in 1995. It provides financial information, as well as investment tools. It is the UK's biggest flat-fee investment platform, with £36 billion of assets under administration, over 300,000 customers and more than one million users. Wikipedia
The company has grown to be the UK's second-largest retail investment platform, with more than 300,000 customers and more than 7.4 million unique users per annum.
‐---------------‐‐----------------------------------------
Hargreaves Lansdown is UK's largest direct to investor investment platform. In winter 2018 it administered £91.6 billion of investments for over 1,090,000 clients.
‐------------------------------------------------------‐--‐
AJ Bell
The company currently has £52.3 billion of assets under administration and 232,000 customers as of September 2019.[4] Its main platform business operates under four core brands:

sweeter_strudel

If you think you have your trading account successfully on-boarded, but your ISA is stuck in limbo, try and open a Phoenix account anyway. You will need one to do any trading.... The advice on here was to switch to the "stable" version once you were up and running as it looked as if it was much simpler to use. 

When you start the Phoenix account opening process you should be instantly emailed a different username and password - I haven't tried any trading yet, but I did login and managed to change their default password to something I can remember. The actual activation of the Phoenix account takes two business days so I should be able to update you with what I find Tuesday lunchtime (ish). Heaven forbid I may even be able to trade!

rugby7170

So why didn't LC give us the option of transferring our accounts to a new broker while still under the SVS platform ?

rugby7170

Does anyone know how much ITI paid the administrators for taking over the SVS clients? It must be in the final accounts of the administration. 

sweeter_strudel

LC are insolvency administrators and would not be geared up for off-boarding all those who wished to move to multiple different destinations. Plus they are tasked with getting SVS clients handed over as a "going concern". It's easier to find takers for 30,000 accounts - ITI would have factored in how many would leave anyway, and worked out if they could still make the equation work commercially for them.

This farcical transition that we are all experiencing may cause them to revisit their figure for how many folks are going to transfer....

9406824

Seems not only ITI capital have technical problems.
tried to open an account with ii there now and there are technical issues at the momment and can’t open account.

sweeter_strudel

sweeter_strudel said:

If you think you have your trading account successfully on-boarded, but your ISA is stuck in limbo, try and open a Phoenix account anyway. You will need one to do any trading.... The advice on here was to switch to the "stable" version once you were up and running as it looked as if it was much simpler to use. 

When you start the Phoenix account opening process you should be instantly emailed a different username and password - I haven't tried any trading yet, but I did login and managed to change their default password to something I can remember. The actual activation of the Phoenix account takes two business days so I should be able to update you with what I find Tuesday lunchtime (ish). Heaven forbid I may even be able to trade!

Should've said - do all this after logging in from your Onboarding link, not the publicly accessible ITI Captial web page.

shawdon

Is anyone else having problems with dividends going missing? Dividends paid after the 18th May client statement date up to early July have been added to the cash balance with ITI but later dividends such as GSK dividends paid on the 9th July appear to be missing and have fallen into a black hole. 4 of my 10 accounts are frozen and the other 6 are still awaiting a welcome email to start the onboarding process which is now nearly 10 days overdue, what a mess!