Hold a single, accurate record of every client asset — listed or unlisted — with the reconciliations, registers and audit trail that safekeeping demands.
Capabilities
Saafehouse replaces bespoke registers and asset-class spreadsheets with a single source of truth for positions, ownership and safekeeping — from listed securities to the most complex unlisted holdings.
Process
Architecture
Registers, reconciliation, reporting and a full audit trail all run on one core engine — the same machinery behind both asset custody and client money operations. Hover a layer to explore it.
Why Saafehouse
| Control | Typical today | With Saafehouse |
|---|---|---|
| Asset register | A spreadsheet per asset class | One register, listed & unlisted |
| Custody reconciliation | Manual, against statements | Automated vs custodians, CREST & registrars |
| Unlisted & transfers | Bespoke and offline | Structured title & consent workflows |
| Valuations | Point-in-time, hard to reproduce | Full valuation history for any date |
| CASS 6 / depositary evidence | Reassembled for audit | Immutable and always audit-ready |
Use cases
Whether you hold listed or unlisted assets, across the UK or offshore, the same custody, register and reconciliation controls apply. Explore your sector:
Managers must segregate, calculate and continuously reconcile client money placed on deposit or with counterparties, and evidence ownership of holdings. Weak trust-status documentation and periodic reconciliation are exactly what the FCA has penalised.
Aberdeen Asset Managers was fined £7.2m by the FCA after client money placed in money-market deposits was not properly protected with trust-status documentation.
Source: FCA / BBC, September 2013.
Administration lives or dies on reconciliation and record-keeping. When those controls are periodic or manual, mismatches surface late — and are slow and costly to unpick.
The modern client-asset regime was shaped by the 2008 failure of Lehman Brothers, where separating client money and assets from the firm’s own took years and billions in cost.
Source: FCA Client Assets regime background.
Safekeeping and client money both demand entity-specific reconciliation and accurate ownership records. The FCA’s largest client-asset penalties have turned on exactly these controls.
BNY Mellon was fined £126m by the FCA for CASS failings, including not conducting entity-specific external reconciliations or keeping adequate records.
Source: FCA, April 2015.
Client money and assets must be segregated from the firm’s own and reconciled continuously. The largest client-asset fine on record turned on segregation failures.
Barclays was fined a then-record £37.7m after £16.5bn of client custody assets were not properly segregated from the firm’s own.
Source: FCA / BBC, September 2014.
Holding client money and assets brings CASS obligations that periodic, manual processes struggle to meet — including timely internal reconciliations and accurate records.
Charles Schwab UK was fined £8.96m for failing to adequately protect client assets, including not completing compliant internal reconciliations.
Source: FCA, December 2020.
Administering client cash and assets across structures and jurisdictions — including Jersey and Guernsey — means controls and records that stand up to regulators on every side.
The Jersey regulator imposed a civil financial penalty of £803,661 on a trust and corporate services provider for control and compliance failings.
Source: Jersey Financial Services Commission, 2022.
See Saafehouse safeguard your client assets.
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