Administration and Custody

We firmly believe in maximising the security of investment administration, and that this can only be truly achieved using a third party nominee.

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We firmly believe in maximising the security of investment administration, and that this can only be truly achieved using a third party nominee.

Outsourcing Custody

Since the founding of the original partnership in 2004, clients had used Adam & Company, a wholly owned subsidiary of the Royal Bank of Scotland, to provide this custody and administration service. Following a decision by Adam & Company to withdraw from providing third party administration, acting as agent for its clients, GBIM appointed BNY Pershing Securities Limited (BNY Pershing) as custodian from April 2017.

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Specialist Custodian

Ringfenced

Focus on client service

FCA Regulated

Regular Reviews

BNY Mellon Pershing

Established in 1987, BNY Pershing is a subsidiary of the Bank of New York Mellon Corporation (BNY Mellon). BNY Mellon was formed in 2007 by the merger of the Bank of New York Company Inc. and Mellon Corporation. Today BNY Pershing is a specialist in the area of asset servicing and custody. In the UK, Ireland and Channel Islands, BNY Pershing manages over 120 client relationships for a variety of organisations. Globally, BNY Pershing serves more than 1,500 institutional and retail financial organisations and independent investment advisors. Collectively, BNY Pershing customers represent over five million investors with over US $1.05 trillion in assets in custody.

BNY Pershing arranges all settlement, dividend collection, ISA management and administration alongside other nominee services.

SRD Policy

The Shareholder Rights Directive II (SRD II) aims to promote effective stewardship and long-term investment decision making by enhancing the transparency of the investment strategies employed by Asset Management firms.

GBIM is a specialist investment firm that provides bespoke discretionary portfolio management services to retail investors and is considered an SRD asset manager.

This document sets out GBIM Limited’s engagement policy in line with the requirements under SRD II, as well as GBIM Limited’s Voting Policy.

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1st June 2021 Mifid II Article 65.6 Annual Disclosure

GBIM has a contractual arrangement to place all orders for trading with BNY Pershing Trading Services Limited (PTS) who are part of BNY Pershing Securities Limited (PSL) to execute on behalf of GBIM clients. GBIM monitors the performance of PTS and reviews the service provided on a regular basis. In our opinion the execution quality obtained from PTS/PSL to date for GBIM Limited and our clients is of a high standard.

Under MIFID II PSL has a requirement to publish their RTS 28 Report providing detail on how it executes trades and tables showing its top five venues for Equities, Fixed Income and ETFs. This is published on PSL’s website and can be found by clicking the link below.

*Please note that by clicking on the hyperlink it will take you away from the GBIM website and we can’t be held responsible or liable for content on third party websites.

MiFID II RTS 28 Report