SVS Securities - shut down?

eastlondonkent

surprisingly I got my cash transfer into my UK account yesterday just after 2-3 days I emailed back my bank statement for ITI to action the transfer. Could it be my luck or it was a small amount less than a grand! Next is to get my share holding transfer to other platform, I agree with the other posts here, ITI would never get it right! 

My2penneth

When (when) we finally get access to Phoenix, will we see the dividends paid into our accounts since LC handed over the reins?

(they will have to keep track otherwise how will keep HMRC happy for non ISA holdings?).

johnburman

We need to be careful about dates. Remember LC did statements as at date X (i forget the exact date) and we need updates from the day after x not some other date convenient to ITI. 
I wonder if iti can give a full divi receipt breakdown from the day SVS went into special administration? 

My2penneth

LC can provide a full list of all dividends received under the SVS Securities system until at least 22nd July 2020 (I'm looking at one now).  The list is printed with the SVS Securities logo & address prominently shown on the lower RHS of the page.  Note I'm showing only page 6 of 8 provided for this account.
As each dividend was received , the reported balance increased until they funds were finally transferred to ITI on 22nd July 2020 in the case of this account. So, we know that there is traceability to 22nd July at least - I also note that the search was 5 Aug 19 to 03 Aug 20 as shown in the top RHS of the scan below.

My2penneth

johnburman said:

We need to be careful about dates. Remember LC did statements as at date X (i forget the exact date) and we need updates from the day after x not some other date convenient to ITI. 
I wonder if iti can give a full divi receipt breakdown from the day SVS went into special administration? 

Something like the 18th May on their portal.  

johnburman

22 July is the date I asked for and LC gave it to me as at that date. That is the date iti were meant to go live with their new clients. 

My2penneth

That date of 22 July ties in with the same date as my printout above so we do have a facility via LC to get divi info to that date at least. What happens after 22 July when ITI got their mitts on our assets is another issue.

johnburman

From 22 July iti took over. So iti SHOULD be able to supply the figures from 22 July 

shiznit76

my portfolio value has now dropped to just £5, all the prices are totally wrong, some (LLOYDS )showing the value is zero, this place is a total cluster f bomb

My2penneth

What tickles me is that my wife's accounts are indicating a reasonable value ( but still incorrect) whereas my accounts are a few hundred quid ... there's no consistency.