A Claims Management Company

Mis-Sold investment - Kingsway Wealth Management

Latest Update: 27th June, 2019 (Financial Ombudsman Service)

Case Points

Total amount invested

Unknown

Why did people invest in it?

Kingsway Wealth Management is a financial advice firm based in Wrexham. They offer a range of services focusing on “maximising wealth retention”.

Why was it mis-selling?

Out of 13 complaints made to the Financial Ombudsman Service about Kingsway, 9 were upheld by the Ombudsman. The most recent decision was 27th June, 2019.

Potential value of cases

Unknown

Summary

Kingsway Wealth Management Ltd is a firm of Financial Advisors based in Wrexham. The firm was officially incorporated in its current format in May 2006, but their website claims they have been operating since 1995. They offer a range of financial services to their clients, including pensions and retirement planning, with a focus on helping their clients retain as much value as possible.

Kingsway Wealth Management has also received a number of complaints about their service that have been brought to the Financial Ombudsman Service. These cases range from February 2014 to June 2019. There may have been cases prior to this that have not been published on the Ombudsman website, as cases have only been released here since 2013.

Of the 13 cases that have been raised against Kingsway, 9 have been upheld, including the most recent case from 27th June, 2019. Of these upheld cases, all 9 were related to SIPP transfers made with the advice of Kingsway where the firm failed to conduct appropriate due diligence to ensure that the investments were suitable for their clients.

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.

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