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What is the fund’s legal structure?

TM home investor fund is a UK domiciled Open Ended Investment Company (OEIC), authorised by the Financial Conduct Authority as a Non-UCITS Retail Scheme (NURS), and has Property Authorised Investment Fund (PAIF) tax status. 

For platforms that cannot currently administer the three income streams reported by PAIFs, an Authorised Unit Trust feeder fund is also available.

As with most other authorised funds, both the PAIF and AUT feeder can be held in ISA and pension/SIPP wrappers.

What do Hearthstone and WealthKernel do with my personal data?

Hearthstone and WealthKernel both collect and hold your personal data separately.

WealthKernel uses your personal data to arrange investments into the TM home investor fund. For example, this means sharing your personal details with a custodian bank to arrange the safekeeping of your investment. From time to time, WealthKernel will also facilitate information and promotional communications on behalf of Hearthstone. You will be given the option to manage these communications in the WealthKernel portal.

Hearthstone, for example, will use the personal data you provide through the ‘contact us’ page to provide the information you have requested.

This website also places cookies on your device which  are used to collect information in an anonymous form about how visitors use the site. We use the information to compile reports and to help us improve the site.

Terms and conditions and information on data privacy can be found here for Hearthstone and here for the WealthKernel portal.

Who audits the fund’s accounts?

The fund’s auditor is Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU

What happens to my investment if Hearthstone stops operating?

The Authorised Corporate Director (Thesis Unit Trust Management Limited) and the Depositary (NatWest TDS) will decide how best to proceed to protect everyone’s investment in the fund, and whether to appoint an alternative Property Investment Advisor. If the fund is unable to meet its obligations to investors, you may be able to claim for any financial losses under the Financial Service Compensation Scheme, more details of which can be found at https://www.fscs.org.uk/

How does the online investment legal contract work?

To invest in TM home investor fund through the online portal, you will enter into a legal agreement with WealthKernel and their custodian bank, Winterflood. WealthKernel will facilitate the investment portion of this process and Winterflood will facilitate the safekeeping. This means Winterflood are responsible for holding your cash and investments safely. The two are separated for enhanced safety of your cash and investments. In addition to being regulated by the Financial Conduct Authority (FCA), Winterflood is part of Close Brothers Group, who have been trading for more than 130 years.

The full terms and conditions for investing through the online portal, powered by WealthKernel, are available to view at https://homeinvestor.wealthkernel.com.

Is TM home investor fund FCA authorised?

Yes. TM home investor fund is authorised by the Financial Conduct Authority (FCA) as a Non-UCITS Scheme (NURS).