High Net Worth / Sophisticated Investors



In October 2014 the Financial Conduct Authority (FCA) introduced a restriction on the marketing of contingent convertible securities by confining their promotion to sophisticated or high-net-worth investors.


Other products covered by similar restrictions include financial instruments referred to by the regulator as 'non-mainstream pooled investments', namely unregulated collective investment schemes (Ucis) - which can be based on some of the more esoteric investments such as plantations or film productions; lightly regulated 'qualified investor schemes'; life settlement investments; and 'special purpose vehicles' that act like investment funds but do not hold shares, debt securities or government stock as underlying assets.


To promote or sell these products to clients, a firm must first ensure that the client falls into one of several special categories of investor. If a client earns at least £100,000 a year or has at least £250,000 in assets, not including their home, they qualify as a high-net-worth investor.


If the client doesn't have such resources they can still buy unregulated products if they qualify as a sophisticated investor.


Investors can 'self-certify' as sophisticated if they satisfy one of the following criteria:

  • They have been a member of a business angel organisation.

  • They have had more than one investment in an unlisted company.

  • They have worked in the private equity sector.

  • They have been a director of a company with a turnover of £1 million or more.



Our Unregulated Investment Offer


Please click on the links below for details of our currently available unregulated investment, suitable only for High Net Worth & Sophisticated Investors.


Dolphin Trust - German Listed Buildings Loan Note



Fiducia Connect

Fiducia Admin

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T: 0845 643 5478

Fiducia Marketing Solutions Limited