Fractionals have been available in the UK for a while on adviser (non-retail) platforms. Usually ending up in the custody of Winterfloods Business Services. Or in T212 case Interactive Brokers.
Wombat have built on top of Seccl which looks a reasonable offering. Ultimately ends up routing your order somewhere. My guess… Winterflood Business Services. But, as always, I could be wrong.
Not a pretty service from Wombat. But, yes, beat FT to it. My understanding is FT will clear, settle and have custody of the assets themselves in their nominee. So from that perspective arguably better in the long run. But building is always slower than buying. So it depends what you favour. For the record I’m always a builder.
Not sure what traction Wombat have. Looks like a platform for the very novice. But hey, horses for courses. All part of the investment education piece in the UK.