This content is for general education. It does not take your personal circumstances into account and is not a personal recommendation or investment advice.
How your investments are held
This article explains who actually holds investments made through this app, why terms like client money and client assets matter, and how that differs from market risk or FSCS protection. It stays at a high level and points you to the right protection information if you want more detail.
3 key takeaways
Your investments are held by WealthKernel, not by Investwizz. Investwizz operates under WealthKernel's regulatory authorisation.
Client money and client assets are money and investments that an authorised firm must hold separately from its own assets under FCA rules.
How investments are held is different from how they perform. The value of investments can still go down as well as up.
The basics
Your investments are held by WealthKernel, not by Investwizz. Investwizz operates under WealthKernel's regulatory authorisation.
When people ask how investments are held, they are usually asking who actually holds the investments and how that differs from the app or brand they use day to day.
In broad terms, client money and
are money and investments that an must hold separately from its own assets under FCA rules. That separation is one of the main reasons custody wording matters in investment services.How investments are held and how they perform are different questions.
. The value of investments can go down as well as up, so you could get back less than you put in.Eligible customers may be protected by the
in relation to regulated investment services provided through WealthKernel, subject to FSCS rules and eligibility. FSCS does not compensate for losses that arise purely because investments fall in value or do not perform as expected.If you want more detail on firm failure or
protection, read those topics separately. This article is a high-level explanation of how investments are held, not a full legal or operational breakdown.Illustrative example
The app you use and the firm that holds investments may not be the same
Imagine you invest through an app that lets you choose a portfolio and track progress. The app is the service you interact with, but the authorised firm named in the disclosures is the firm that actually holds the investments. That holding arrangement matters for record-keeping and protection questions. It does not stop the investments themselves from rising or falling in value with the market.
Common misconceptions
The brand I use must always be the firm that holds my investments.
Not always. The app you use and the authorised firm that actually holds investments can be different, which is why the regulatory and custody disclosures matter.
If investments are held separately, I cannot lose money.
How investments are held does not remove market risk. The value of investments can still go down as well as up, so you could get back less than you put in.
Custody wording and FSCS mean the same thing.
They are related, but not the same. Custody is about who holds investments and how customer assets are kept separate. FSCS is a separate protection scheme that may apply only in certain firm-failure situations and subject to its rules and eligibility.
Test your understanding
Are these statements true or false? Tap to reveal the answer.
“The brand I use must always be the firm that holds my investments.”
“If investments are held separately, I cannot lose money.”
“Custody wording and FSCS mean the same thing.”
Sources
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What you'll find here
This article gives a clear explanation of the topic. This content is for general education. It does not take your personal circumstances into account and is not a personal recommendation or investment advice. If you want personalised guidance, consider speaking to a regulated financial adviser.
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Important
Capital at risk.
This content is for general education. It does not take your personal circumstances into account and is not a personal recommendation or investment advice. Capital at risk. The value of investments can go down as well as up, so you could get back less than you put in. Tax rules can change and their effect depends on your individual circumstances. Past performance is not a reliable indicator of future results. Read our full Risk Disclaimer.
Article details
Category
Risk and time horizon
Level
Beginner
Reading time
5 min
Published
10 March 2026
Last reviewed
10 March 2026
Author
Investwizz Editorial Team
Sources
4 cited
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