SVS Securities - shut down?

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. 

supremetwo

Mine was totalling the portfolio as 1 share of each ticker at its closing price, i.e. the wrong columns were being multiplied.

LEAR1

leonde said:

If you create a free account at the stocks.cafe website, you could enter your portfolio details (a bit of a hassle).There is a page there that on the dividend section called “Due/Paid” that calculates each dividend and when you should have received it. May be useful - but you’re “only” allowed one portfolio in the free version - I don’t know if there’s a limit in the number of stocks you can have in that portfolio,

Good point. I happen to have ShareScope, which holds all the transaction records for all of my wife and my investment accounts (ISAs, SIPPs etc) in one place. It has a nice consolidation feature too, so that I am able to track each discrete brokerage account in isolation, but then, say, to look at our aggregated SIPP position, or all of my wife's accounts - or indeed the global position across all of our accounts. But the reason I mention this is that it also prompts me when dividends are to be received into an account based on my holding information, so I can reconcile that with what is actually happening in the relevant broker account. It's helped me to keep track of what dividends should have arrived over the last year (which I cross-checked with the statement information I could obtain from LC, as Mypenneth did (per page 295)) and should be all the more important now to check what dividends I should be receiving into the ITI account - until we successfully transfer-out. It's worth checking this feature out if any of you subscribe to the software already. Sharepad has a similar feature too, I believe.