SVS Securities - shut down?

My2penneth

Nbs222 said:

mine too ,that's good

mine do as well (how we celebrate trivial progress - they should have been marked correctly in the first place!).
My wife's accounts show no update and now contain just a few shareholdings with a total value of perhaps 1/40th of what it should be.

ahouse185

supremetwo said:

BE WARNED!
Following a series of scammy type emails to specific addresses that were only used for SVS, it was obvious that the SVS customer list had been sold or leaked. 
Phone calls (foreign voices) are now being received from 'vendors' of 'investments' to specific SVS client names. 

I am not getting phone calls (in Australia) but I have been receiving several emails from UK trying to interest me in various investments, aged care for example. Someone has sold on the SVS email list.

collin618

Just called the trading desk to try sell shares held in a SIPP and the chap there is really helpful.
I'm assured that the SIPP  will soon have a logon, and the ISA is now showing as an ISA in Qort
Already traded the some shares in the ISA, I'm being told something about fragmented shares or fractions of shares needing to be sorted?
ITI would be doing themselves a big favour if they communicated better 

jenwrendorset

Update on my family's 4 accounts:  3 out of 4 cash withdrawals have now been received...one took just a couple of days but the rest were followed up by a further 3 withdrawal forms (what a pallaver) before the cash appeared.  The fourth account is still waiting one month after the first withdrawal form was submitted.  Phoenix and Direct Line dividends have now appeared so more withdrawal forms but hope the transfers to iWeb happens first but I can see problems with that.  My husband's account is still showing zilch holdings!! and two of our accounts included BNN shares which sadly are not only AIM-listed but are currently suspended....for whatever reason ITI has separated them into separate accounts however the two accounts are no longer showing the holdings just a a big fat zero so not sure what iWeb will make of all this but I'm not optimistic.  Can someone please advise me how I can sell a holding with ITI - our 4th account is a joint one and unfortunately iWeb doesn't deal with joint accounts so we need to sell and then buy back into single names.  Do I ring ITI to sell our holding?? and presumably I need to mention that we're ex-SVS so should only be paying £7.95 dealing cost.  There is a dividend due on this holding next week so will wait until then but any advice will be gratefully received.  By the way I received a helpful letter from my MP who has said he will take up our case with the FCA......that is so far the only response I've received from my 3 letters of complaint.  Watch this space.

collin618

jenwrendorset
I rang 0203 889 8355 and quoted the old SVS number with SC in front 

gibson81

johnburman said:

gibson81 said:

Great news on the iWeb/HL/ii transfers. Feels like we might be out of this mess by the end of the month... 

But gibson81 where is your evidence for this? We are on a journey.... And a slow one. But we must all put pressure on our new brokers to speed up the process. ITI are a law unto themselves but our new brokers are batching the transfers in and that is delaying the transfers. 

Other posts on this forum and I also received a letter this morning from iWeb. The letter states for UK equities a transfer period of one week once a valuation has been sent over. From other forum posts, it sounds like ITI is sending this over in bulk to iWeb, HL, etc. 

shiznit76

gibson81 said:

johnburman said:

gibson81 said:

Great news on the iWeb/HL/ii transfers. Feels like we might be out of this mess by the end of the month... 

But gibson81 where is your evidence for this? We are on a journey.... And a slow one. But we must all put pressure on our new brokers to speed up the process. ITI are a law unto themselves but our new brokers are batching the transfers in and that is delaying the transfers. 

Other posts on this forum and I also received a letter this morning from iWeb. The letter states for UK equities a transfer period of one week once a valuation has been sent over. From other forum posts, it sounds like ITI is sending this over in bulk to iWeb, HL, etc. 

Did the letter state your holdings and are they correct?

gibson81

gibson81 said:

johnburman said:

gibson81 said:

Great news on the iWeb/HL/ii transfers. Feels like we might be out of this mess by the end of the month... 

But gibson81 where is your evidence for this? We are on a journey.... And a slow one. But we must all put pressure on our new brokers to speed up the process. ITI are a law unto themselves but our new brokers are batching the transfers in and that is delaying the transfers. 

Other posts on this forum and I also received a letter this morning from iWeb. The letter states for UK equities a transfer period of one week once a valuation has been sent over. From other forum posts, it sounds like ITI is sending this over in bulk to iWeb, HL, etc. 

I should also say all my accounts on ITI are correct and still down as SC accounts with nothing transferred over to their Phoenix platform. Also all the dividends I have received since 1st July are correct. I have no explanation for why my accounts are correct and others aren't. I did submit my transfer request very early on - around 2nd August.

pafpcg

jenwrendorset said:

.......
 Can someone please advise me how I can sell a holding with ITI - our 4th account is a joint one and unfortunately iWeb doesn't deal with joint accounts so we need to sell and then buy back into single names. 

The alternative approach would be to open a joint trading account at another broker (my partner & I opened a joint account in a few days at Jarvis X-O at www.x-o.co.uk) and transfer the ex-SVS account from ITI to the new joint account. 

There's always the possibility that because ITI will only interface with the first-named client of the joint account, you might be able to transfer the joint account to an account in the sole name of the first-named client - ITI's administration seems so haphazard that it might go through or it might get locked-up in beaucracy for many, many months....

Thrugelmir

johnburman said:

gibson81 said:

Great news on the iWeb/HL/ii transfers. Feels like we might be out of this mess by the end of the month... 

But we must all put pressure on our new brokers to speed up the process. 

To achieve what precisely?  You seem to spend your day doing little more than wasting peoples time. At considerable expense to the rest of us.