Frequently Asked Questions

Clim8’s purpose

Our mission is to have a positive impact on climate change, by moving billions of pounds of investments out of fossil fuels and into clean energy and truly green, sustainable companies.

Our platform aims to provide a simple way to invest in multi-asset portfolios (shares, collective investment schemes, ETFs and bonds), with a focus on sectors that we believe will play a significant role in tackling climate change, including clean energy, clean technology, sustainable food, clean water, smart mobility and recycling.

What products do you currently offer?

We currently offer two main investment accounts: General Investment Account GIA, and Stocks and Shares ISA (Individual Savings Account). We’re continuously working on adding more products and functionalities to our app.

Are there eligibility criteria for opening an account?

You need to be 18 years of age or older and be a UK resident to open an account.

What happens if I have moved abroad, outside the UK?

For now, you will need to hold a bank account and address within the UK and deposit in sterling. 

If you have moved abroad outside the UK, and you are no longer paying tax within the UK, you can open a GIA with us provided you hold a UK bank account and valid passport as well as reside within EEA countries. You can also combine/transfer any current ISAs you have with other providers from previous tax years (not the current tax year) but cannot pay into an ISA for tax years when you reside outside of the UK. 

How do I open a Clim8 account?

You can download our app from Apple Store or Google Play, sign up in a few minutes and start investing sustainably! In order to open an account, you need to be 18 years of age or older and a UK resident.

Do you have a web app?

At the moment, we only have an app for mobile devices (available for both Apple and Android users). 

Do you give financial advice?

We do not give financial advice. We offer a discretionary managed product via WealthKernel. That means you will provide WealthKernel with focused information to assess your objectives, attitude to risk and capacity for loss. They will first determine if investing is suitable for you. If so, you will then be provided with an investment strategy/ strategies that match your profile. 

If you are unsure if investing is right for you, you should seek advice from a financial advisor.

Who is WealthKernel?

Clim8 is an appointed representative of WealthKernel Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 723719). Customer money may be protected by the Financial Services Compensation Scheme (FSCS) for up to £85,000 of the amount invested via Clim8. This doesn’t cover losses incurred through investment performance, or if you get back less than you originally invested. 

WealthKernel is also the custodian, investment manager and discretionary investment manager of Clim8’s portfolios.

How do I know I can trust Clim8 with my money and is my money protected?

When you make a payment to your Clim8 account, that money is immediately transferred to WealthKernel. Their role as the custodian is to hold customer assets for safekeeping in order to minimise the risk of their misappropriation, misuse, theft, or loss. 

WealthKernel is authorised and regulated by the FCA and is also a member of the Financial Services Compensation Scheme (FSCS) which means your money may be protected in the event of WealthKernel’s insolvency for up to £85,000 of the amount invested via Clim8. This doesn’t cover losses incurred through investment performance or if you get back less than you originally invested.