What happens to your self select Stocks & Shares ISA if your investment platform goes bust?

09 July 2020

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Question by David

Good day, If I were to invest with A J Bell or Hargreaves Lansdown in a self select Stocks & Shares ISA and they were to 'go bust', what would happen to my investment? Thanks.

Answered by Holly Mackay

Hi David,

All platforms will appoint what we call a custodian. One of the jobs of this custodian is to effectively ring fence client money and client investments, so that if the platform business itself goes bust, the client money remains protected and intact.

AJ Bell and Hargreaves Lansdown look after about £50 billion and £100 billion of clients' investments respectively, and I think you're on very certain ground with either of these two options.

This is a very well regulated industry and the custodians role means that you should not need to worry about the impact of these firms potentially going bust.

Hope this helps,


Answered by

Holly Mackay

Founder and CEO of Boring Money

I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.