Dealing and transfers for advisers

Orders are routed from our portfolio management system (Opus) through DMA TENS to Saxo Capital Markets UK Ltd, the regulated execution venue, using the FIX messaging standard. Citi sits as primary sub-custodian behind Saxo for equities and bonds. DMA acts as agent; Saxo acts as principal in the trade.

Contractual settlement applies on the Saxo rails, and the cycle depends on the asset class: for example, T+2 (two business days after the trade) for equities and ETFs, and generally T+3 or T+4 for mutual funds. Cash is available for reinvestment from T+1 in standard flows.

Yes. Opus, our portfolio management tool, supports model portfolio management, block orders, pre- and post-trade compliance and rebalancing. DFMs and adviser firms running their own centralised investment proposition can configure and run their models directly in Opus. Under the agreed dealing process, model portfolios submitted on the standard template are set up in Opus within 24 hours; instruments not yet on the platform can take up to 12 weeks to add, depending on the instrument. Contributions are invested to model weightings on a T+1 basis once booked.

Cash and in-specie transfers (moving holdings across without selling them), in and out, across the ISA and GIA. Saxo is a TEX member for securities transfers.

Receipt of a transfer request is confirmed, and processing begins, within 48 hours under the agreed service standard. Transfer status is tracked in Unity in real time, and the DMA transfers team manages the process end to end, including agreeing settlement dates with the other side and chasing anything that fails to settle. Settlement timing depends on the counterparty and the assets involved, so end-to-end timelines cannot be guaranteed; your relationship manager can advise on specific cases.

No transfer-in fee applies under the standard tariff. Bespoke terms may apply to strategic or bulk migrations.

£10 per instrument, capped at £100 per transfer.

Customisable dashboards in Unity across your whole book: valuations with asset-class allocation and performance, cash flow, fee transparency, and a Consumer Duty evidence pack. Regulatory reporting — CASS reconciliation status, transfer tracking, KYC/AML logs — is also accessible.