“Professional Investor” is the name given to a product available to certain investors on our platform. It does not refer to, or imply, classification as a “professional client” under Financial Conduct Authority (FCA) rules.
Professional Investor accounts are held by investors who choose to select their own loans, rather than using an automated investment approach.
These investors typically have a significant amount invested with us and are offered the option to move to this product based on their experience and engagement with the platform.
Before an account is moved to the Professional Investor product, the investor will have a discussion with a dedicated account manager. During this call, we explain how the product works, including the process and risks of selecting individual loans, and confirm that the investor understands and agrees to the change.
All investors using this product must still complete our appropriateness assessment and confirm their investor classification annually, in line with FCA requirements for peer-to-peer investments.
The Professional Investor product does not appear on our Outcomes Statement. This is because investors select their own loans and therefore determine their own rates of return, rather than investing towards a defined target rate.