plus Skype… and Bolt…
not sure why Estonia seems suspicious …
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He’s thinking of Elbonia
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Malta is a wash with the mob who blow up journalists in broad day light.
Bulgaria has a large problem with money laundering and organised crime.
Next Markets Headquarter (they for got the ‘s’) is in Cologne so why not use you ‘native’ regulator?
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Estonian but it was set up in London.
Yes, you are 100% right both Hinrikus and Käärmann were residents of the UK when they set it up and they did set it up as a UK startup.
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Wealthsimple also closing US books. It seems they will be focusing on their own soil Canada. They have autopilot, junior ISA and SIPP employment contribution (that freetrade is missing 
)
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Wealthsimple holds over £3 billion in customer assets in the U.K. and $10 billion in Canada, and caters to more than 2.5 million collective customers.
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The charge 0.7% - 0.5% management fee too.
£3bn x 0.6% (mid point) = £180m £18m revenue.
HL have a P/E if 20.63 & AJ bell 43 P/E which ‘could’ make the wealth simple UK business worth a lot, could they not have sold it? Floated it?
What am I missing?
I’ve used HL, their fees are shocking if you have a small account. I also use eToro - I really like their interface/chart/trailing SL but they don’t have as many tickers as FT, especially smaller cap names.
Hi Brian 
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Thank you very much.
There is something really odd about this number. I invite you to look at the P&L accounts of this loss making company filed in December 2020. There is no mention of the held customer assets merely a percentage growth number. A Google search doesn’t corroborate the £3billion.
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@neilb There is something odd about this. The (last) P&L accounts filed in the UK don’t corroborate these UK revenue numbers. Of course there is one way out of the conundrum - when investing with this company perhaps one is actually investing with a non UK entity.
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It’s £18 million not £180 million.
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Edited - That what happens when you rush on an iPhone calculator
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£272M Wealthsimple
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So my “does this number make sense” sonar seems to have gone off correctly.
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Had a JISA with them for my daughter - don’t think I’ll go to moneyfarm - any suggestions on a similar-ish provider?
EDIT: looks like they don’t do JISA’s 
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