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

David | County Down| 28/07/2020 | 0

  • Stocks and Shares ISA

David's question in full

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.

Holly Mackay's Response

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,



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Holly Mackay

Founder and MD of Boring Money, Holly Mackay has been working in the investments space since 1998. She read Modern Languages at Oxford, with a special focus on Mediaeval French which was deeply interesting and arguably utterly useless.

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