Thoughts on going above 85k invested

I notice the FCA are talking about the possibility of removing ring fencing for banks.

Sure we are talking about brokerage accounts here.

How does the FCA’s potential removal of ring fencing of client money affect non invested cash in a brokerage account?

Any brokerage account and not limited to freetrade

I’m not worried as the 85K limit applies to cash. Invested shares are held in trust separate to Freetrade.

I imagine really high net worth individuals don’t have loads of pots of 85K sitting around in multiple accounts.

For my own perspective I would sooner pay one lot of fees to Freetrade instead of multiple fees to multiple brokers.

Not sure how you come to the multiple fees bit?
You pay fees on whatever you buy. If you buy legal and general in Hargreaves Lansdowne account you don’t pay fees in freetrade as well. That’s what your statement implies.

I to think the £85,000 applies only to bank accounts and not stock broker accounts (including cash) Anyone have a link that says otherwise?

If freetrade go down then your only worry would be fraud/theft. A possibility not something you can put a risk rating to though.

Next I am told by someones whose brocker did go into administration that it took about 4 months before his shares and cash were transferred, in the meantime he could do nothing. If he was dependent on the dividends he would have been trouble.

I have some dividend shares in Hargreaves Lansdowne although it’s only because I can’t buy them on freetrade.

Investment compensation & protection | Check you’re protected | FSCS

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Not sure how you come to the multiple fees bit?
You pay fees on whatever you buy. If you buy legal and general in Hargreaves Lansdowne account you don’t pay fees in freetrade as well. That’s what your statement implies.

@Mikepike I was referring to platform fees. Eg I pay £5 a month to FT for the isa platform. HL have a charge / percentage of fund value as does pretty much every other brokerage. Hope that is clearer.

Got you but isn’t ISA £3 and nothing if you pay the £9.99?

According to your link

Freetrade Limited

Reference number: 760531

This firm is no longer registered with the FCA as an Appointed Representative of an authorised firm, and can no longer carry on regulated activities.
Do not start to do regulated business with an AR that is no longer registered.
?

Also:

This one obviously the correct one covered by FCA and FSCS.