Client money flow chart
The Client Money Flowchart PDF shows what happens to an investor's money during both the new business cycle prior to the purchase of securities and the plan maturity process
New business cycle prior to purchase of securities
- At no point in the process does a client’s subscriptions form part of Meteor’s assets.
- Any potential exposure is limited to the institution/s who provide our client account and custodial services.
- At present those services are provided by HSBC, Coutts & Co, RBS and Northern Trust.
- At all times individual records will indicate the beneficial ownership of an investor’s securities or cash.
Plan maturity process
- Once again, at no point do the client subscriptions form part of Meteor’s assets.
- Any potential exposure is limited to the institution/s which provide our client account and custodial services.