Helix Bond - Privilege Wealth Plc, the business behind failed investment went into Liquidation Jan 2020

Investors money, paid via the Bond to Privilege Wealth, was to be used to provide short term loans and revolving lines of credit in the USA.  Although Administrators were appointed in respect of Privilege Wealth in 2018, no significant money was recovered for investors follow a liquidation commencing early 2020.

Could you be in a position to make a successful claim - relating to poor advice, pension switching, or the failed Helix investment? Our expert financial claims team are here assess your situation for you.  Time line limitations to register your claim may apply so please do not delay in contacting our team to assess your potential claim.  It is possible for you to present the 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.

Helix Bond was a complex, unregulated, high-risk investment.  The distributors of the Helix Bond were Beaufort Securities Ltd, who also made Helix available as an ISA product.  Beaufort itself entered liquidation March 2018 and closed its doors in 2020.  Many Helix investors were unaware that their money was pooled together with other consumers without consent.  A major consequence of this was that individual investors were unable to withdraw their funds unless all investors together decided to disinvest at the same time.

There were a number of financial advisors involved in the chain including  Grosvenor Butterworth (Financial Services) Ltd, who were very often linked to advising on the Helix investment to such an extent that they too went into administration, shortly after losing their FCA permissions in 2018.

If you feel that you may have been wrongly advised to invest into the Helix Bond, we are here to investigate and prepare your case for compensation.  We are pleased to confirm that we have won all of our client cases to date against this firm. To request a scheduled call, simply click here to complete our contact form and a member of our team will call you to discuss how we can help.

It is possible for you to present the 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.