All deposits are in segregated fund accounts
Any and all funds deposited by our clients are held either in the name of the client and/or held in the name of Hugo’s Way for the client in a independent bank account.
Furthermore, we keep segregated accounting records in our system.
This ensures that our own funds and assets and client funds are tracked separately.
At any time, we can quickly and accurately distinguish the funds which are being held for one client from those being held for another, as well as being able to distinguish our own funds. Client funds are kept off balance and are never used to pay creditors in the unlikely event that Hugo’s Way were to close its doors.