Non-Advisory Terms of Business

About is a trading style of Momentum Financial Technology Ltd which is authorised and regulated by the Financial Conduct Authority (Firm Registration Number 561538). You can check this on the Financial Services Register by visiting or by contacting the FCA on 0800 111 6768.

About these Terms

This Terms of Business document relates solely to our non-advisory service which provides customers with information to assist them in selecting products they feel are most appropriate for their needs. All services will be provided on an 'execution-only' basis. Nothing in the website or in any of the documentation/information sent to you shall be deemed to constitute advice or a recommendation to purchase a particular product or service. If you are in any doubt as to the suitability of the product or service we suggest that you seek independent financial advice. The expressions "we", "us" and "our" are taken to mean The expressions "you" and "your" are taken to mean you, our client.

Client Classification

Unless we notify you in writing to the contrary, we will be treating you as a ‘retail client’. As a retail client you will receive the very highest level of investor protection available under the regulatory system when dealing with us. If you disagree with this categorisation, please write to us explaining why you think this categorisation is incorrect. Please be aware that if we were to change your categorisation, some of the current protections offered by the current regulatory system would be lost.

Methods of Communication

Unless you advise us otherwise, we will communicate with you via the following methods of communication: email, telephone, letter & other acceptable electronic methods of communication

Investment and Non-Investment Insurance Services is permitted to arrange (bring about) deals in investments and non-investment insurance contracts. With regard to investments and non-investment insurance contracts which we have arranged for you, these will not be kept under review.

Level of Service

This Terms of Business document relates solely to our non-advisory service which provides customers with information to assist them in selecting products they feel are most appropriate for their needs.

Our website focuses on providing clients with information and the tools they need to make an informed decision. The financial products featured on are promoted on a non-advised sale basis. acts as an ‘introducer’ and will introduce you to other companies who provide financial products and services. In many cases we will send to you at your request the key features of a specific product, and if you decide to proceed, we will process the application for you.

Unless explicitly stated and agreed with you in writing, we will not provide you with personal financial advice and therefore do not have a duty to ensure suitability. This means you will not be entitled to compensation from us, if it is established that the service or product you select is not suitable. It is your responsibility to take into account your circumstances and objectives and make your own judgment as to suitability. If you have any doubts we recommend you take professional financial advice.

Links to Other Sites contains links to other websites. cannot accept responsibility for any information given or advice provided by these other sites.


Every attempt has been made to ensure that the information on the website and that which is being sent to you is correct and up to date, no warranty or representation is given as to its accuracy or reliability. Whilst the website covers a range of products, you should also be aware that there may be other products available in the market, which are not shown on the site.

Client Money does not handle clients’ money. We never accept a cheque made out to us (unless it is a cheque in settlement of charges or disbursements for which we have sent you an invoice) or handle cash.

Care of Documents

We will register all investments in your name unless otherwise agreed in writing. All documents of title will be forwarded to you unless otherwise instructed in writing, as soon as practicable after being received. Depending on the product, documents may be sent to you directly by the insurance company or investment manager.

Data Protection

We will use the information we hold about you to manage your account, and to help us provide a high level of service to you. We will also use it to keep you informed by email, telephone, fax, post or other reasonable means of other services which may be of interest to you. If you would prefer not to receive such information please inform us. All personal information will be treated in confidence by us and will not be given to any third parties, except where required by law, or where you have given us your permission. You consent to us releasing information about you to regulated entities in order to obtain any quotations/ arrange investments or insurance at your request. You are protected under the Data Protection Act 1998, and under these terms you are able to have a copy of the information that we hold about you, and correct any inaccuracies (we may charge a nominal admin fee for providing copies). We will keep records for a minimum of six years from the date of your last transaction. For your security, and training purposes, telephone calls may be recorded. They may be used as evidence in the event of any dispute with the company. You agree to us sharing any information that we hold about you with a fraud reference agency should it be required.

Payment for Services

You will pay for our services on the basis of introductory fees or commissions received via third parties:

  • If we receive a commission payment you pay nothing to us upfront, however, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product provider’s own costs and any commission. These charges reduce the amount left for investment.
  • If you buy direct, the product charges could be the same as when buying through an introducer, or they could be higher or lower.

You will receive full details of the introductory fee/initial commission payable and the commission will be paid directly from the product provider.

Examples: Commission

Investments and Savings

Lump Sum Investment £20,000 Investment
Structured Products Initial commission of up to 3%. will receive £600. This commission will be paid directly to us by the product provider and is accounted for in the standard charging structure of the product. No annual trail commission will be payable.
Savings Accounts Accounts pay either initial commission (up to 0.25%) or trail commission (up to 0.4% per annum) but not both. So depending on the product we will receive either £50 initial commission or £80 trail commission in year 2 and so on. (Actual amounts will vary with the value of the account)

Where no commission is paid by the third party provider our introductory/distributor fee will be requested from you directly or taken as a charge from your investment. The Introductory fee will be no more than 3% (subject to a minimum fee of £250) of the amount invested and the exact amount will depend on the investment arranged on your behalf. This will be clearly stated before you invest.

Examples: Arrangement Fees

Lump Sum Investment Fee
Structured Products For all lump sum investments will charge a one off fee of £250.

YourWealth Investment Platform (Collective Investments, Unit Trusts, OEICs etc)

Investment Funds Direct Ltd will pay us an annual distributor fee of £48 per annum. This fee is deducted monthly from your platform account and paid to us by IDFL.

For all other charges relating to the YourWealth Investment Platform please refer to the charges listed here.

Non-investment Insurance

You will receive a client specific illustration which will detail any other fees relating to your particular insurance policy.

Delays in Processing

We will not be held responsible for any delay beyond our control, or as a result of a failure by any party (including you) to complete all the necessary steps to process a transaction.

Termination of our Service

You or we may terminate our authority to act for you by providing notice in writing. Any transaction already in progress will be completed and you will be liable to pay for any services that you have received prior to the date of termination. This means that where we have agreed the services that we will provide for you and we have agreed to receive payment for these, either by means of a fee or by receiving commission from a provider, you will have to pay us for any work we have completed up to the date of termination.

Cancellation Rights

As no advice has been provided by, please be aware that certain investments may not qualify for cancellation during a 'cooling-off' period. If any of the products or investments you take out have a right of cancellation, full details can be found in the individual product literature which should be read carefully. You should be aware that some investments will have no such rights. Again, this information can be found in the product literature.


If you wish to register a complaint, please contact us in writing at Momentum Financial Technology Ltd, 10 Temple Back, Bristol BS1 6FL or telephone us on 0800 331 7437. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

Compensation Arrangements

We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Investment: Most types of investment business are covered for 100% of the first £50,000, so the maximum compensation is £50,000.

Insurance: Insurance advising and arranging is covered for 90% of the claim with no upper limit.

Deposits: Most types of deposit business are covered up to a maximum of £75,000.

Further information about compensation scheme arrangements is available from the FSCS.


These Terms & Conditions will be governed by and construed in accordance with English law. We shall communicate with you in English. All documents will be provided to you in English and it is expected that you will communicate with us in English. There is no minimum duration for the contract.

Client's Consent

These are our standard Terms of Business upon which we intend to rely for 3rd party business. For your own benefit and protection you should read these terms carefully before committing to an investment. If you do not understand any point please ask us for further information. When you use our services we will take this as acceptance and agreement of our terms, and you will be bound by them.