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CP Financial Claims is a trusted source for valuable financial insights and guidance. In this article, we will uncover the mis-selling scandal surrounding Ipsum Wealth, an Independent Financial Advisor (IFA), and provide you with the necessary information to reclaim your investments. You may have invested in the Westway ISA, marketed as an 'asset-backed' opportunity, only to discover that the administrators are struggling to identify and value the underlying assets.
This has raised concerns about the fate of your hard-earned money. We understand your apprehensions and are here to guide you through the process of reclaiming your investments while shedding light on the role of regulated firms in this scandal. Read on to learn more about your rights and how to seek compensation.
Ipsum Wealth, the IFA involved in these mis-selling failures, promoted the Westway investment opportunity. However, the administrators are currently facing challenges in identifying and valuing the assets associated with Westway, leaving investors anxious about the security of their investments. Furthermore, independent trustees appointed by Westway, More Group Capital Services Limited, have failed to protect the interests of investors at every stage.
It is important to note that neither Westway Holdings Limited nor its investment products were regulated by the Financial Conduct Authority (FCA), which means claims against Westway are not covered by the Financial Services Compensation Scheme.
If you invested in Westway through your pension, ISA, or cash, you may be concerned about the uncertainty surrounding the asset-backed nature of your investment. At CP Financial Claims, we will work hard to get a successful claim on your behalf. Our team is committed to recovering your capital invested, with a maximum potential recovery of up to £85,000.
In fact, statistics show that investors across the country have been affected by the Ipsum Wealth mis-selling scandal. Over 2,000 individuals have invested in Westway through various channels, including pensions, ISAs, and cash investments. The total investment value reaches an estimated £50 million, highlighting the significance of this mis-selling scandal.
It has come to our attention that if you received advice from a regulated firm regarding your investment in Westway, there may be a claim for compensation.
The following regulated firms are linked to Westway and may have offered advice or arranged your investment:
Ipsum Invest, an Appointed Representative (AR) of Met Facilities
European American Capital Services
If you have been advised by any of these firms, we encourage you to complete our form below. An experienced advisor from CP Financial Claims will reach out to you promptly to discuss your situation and guide you through the process of seeking compensation.
After thorough research, it has become evident that investments made based on advice from regulated firms may be eligible for compensation. If you received advice from Copia Wealth Management, Ipsum Invest (Met Facilities), UK Stock and Bonds, or European American Capital Services, or another regulated advisor, you may be entitled to compensation.
Recent regulatory changes have strengthened the rights of investors affected by mis-selling scandals. The Financial Conduct Authority (FCA) has imposed stricter regulations on financial advisors and firms, emphasising the need for clear and accurate information to be provided to investors. This means that if you have received advice that misrepresented the Westway investment, you have a strong case for compensation.
Regrettably, the mis-selling scandal surrounding Ipsum Wealth involves not only Westway investments but also the actions of associated firms. To shed light on the matter, let's explore the status of two connected entities:
One such firm is Kession Capital Ltd, which acted as an Appointed Representative (AR) during a specific period. From June 22, 2016, to May 17, 2017, Kession Capital Ltd operated under Financial Reference Number (FRN) 582160. However, it is important to note that their current status is "Authorised with restrictions." These restrictions imply that their activities are subject to regulatory limitations.
Another firm linked to the mis-selling failures is MET Facilities LLP, which also served as an Appointed Representative (AR). From May 3, 2017, to May 20, 2020, MET Facilities LLP operated under FRN 587084. While their current status is "Authorised with restrictions," it is essential to understand that they are no longer authorised as an AR.
These details provide crucial insights into the regulatory landscape surrounding Ipsum Wealth and its associated firms. It highlights the importance of carefully assessing the advice and recommendations received from these entities during the period of their authorisation.
As you navigate the process of reclaiming your investments, it is crucial to consider the impact of these firms and their respective statuses. Our experienced team at CP Financial Claims is well-equipped to guide you through this intricate process, ensuring your rights are protected and your voice is heard.
Remember, you are not alone in seeking justice for the mis-selling scandal. Together, we can confront the challenges, seek compensation, and work towards securing a brighter financial future.
Here at CP Financial Claims, we are currently processing client claims against Met Facilities and Ipsum Invest (an AR of Met Financial) relating to Future Fuel. So if this rings alarm bells with you, please get in touch.
The staggering statistics reveal the magnitude of the Ipsum Wealth mis-selling failures, with thousands of individuals affected and millions of pounds at stake. By partnering with our experienced advisors and leveraging our in-depth research, you can navigate through the complexities of the mis-selling scandal and secure a brighter financial future.
Act now and take control of your financial well-being. Contact us today to begin the process of reclaiming your investments and seeking the compensation you are rightfully entitled to. Simply submit your contact details below for a free no-obligation chat.
You are not obliged to use our service. It is possible for you to present your claim for free, either to the firm, or person against whom you wish to complain, or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.
