A Claims Management Company
Total amount invested
Why did people invest in it?
Cumulus Investment Management was formed in October 2009, and it offered services as a financial advice firm, specialising in investment management and investment advice firm.
Why was it mis-selling?
All 12 complaints that reached the Financial Ombudsman Service and received a decision saw the FOS rule in favour of Cumulus’ clients.
Potential value of cases
Cumulus Investment Management Ltd was founded as a financial advice firm in October 2009. It was regulated by the FCA under FRN 514336. The firm offered a range of financial services to its clients.
Between 2011 and 2017, the firm was subject to a total of 5 compulsory strike-off notifications in the Gazette. All were suspended before strike-off occurred. A sixth compulsory strike-off action ended in the liquidation of the firm in June 2017. The firm was then deauthorised by the FCA in June 2017.
Following this, a number of cases were brought against Cumulus to the Financial Ombudsman Service. Of these 12 cases brought against Cumulus at the FOS during 2017, all were upheld by the Ombudsman.
In January 2018, the firm was declared to be in default by the FSCS. This means that cases against the firm may be brought to the FSCS by those seeking potential compensation related to wrongdoing by Cumulus.
You are likely to have a potential claim on the basis of advice from a regulated firm. The claim above is only an example of a potential claim. Each claim is judged on its individual merits and as such, we cannot guarantee that your individual claim will be successful or that you indeed may have grounds for a claim.Start your enquiry