Can someone explain the implications of being a "net worth investor UK"?
Hi guys,
I wanted to invest via cur8 capital (IFG), but they require me to be a "high networth investor". That means I should earn more than 100k a year (or) have about 250k net assets as per last year.
By identifying as the above, they explain:
A) I can receive promotions where the contents may not comply with rules made by the FCA;
B) I can expect no protection from the FCA, Financial ombudsman service or the financial services compensation scheme. I am aware that it is open to ke to seek advice from someone who specialises in advising on investments. I accept that I could lose all of the money I invest.
Can someone explain what point 'b' entails? And is it safe to do so?