A Claims Management Company

Mis-Sold investment - mac financial advice

Latest Update: 23rd August, 2019 (Companies House)

Case Points

Total amount invested

Unknown

Why did people invest in it?

MAC Financial Advice was a financial advice firm based in London. It was incorporated in May 2006.

Why was it mis-selling?

In 2014, the firm entered into liquidation, and in January 2017 the FSCS declared the firm to be in default. The liquidation process remains underway as of 23rd August, 2019.

Potential value of cases

Unknown

Summary

MAC Financial Advice LLP, also known as KMA Wealth Management, was a financial advice firm that was based in London. The firm was regulated by the FCA under FRN 455466. It was authorised by the FSA between 2007 and 2013, before moving to FCA regulation from April 2013 onwards.

On 7th April 2014, after receiving a winding up petition dated 3rd December 2013, the firm formally entered into liquidation. In January 2017, the FSCS declared that the firm was in default. This means that customers of MAC Financial Advice LLP can bring compensation cases to the FSCS.

Declarations of being in default only usually occurs when a firm cannot make payments owed to clients in compensation, strongly implying that other clients may also be in a position to bring a case against the firm.

The liquidation process remains underway as of 23rd August 2019.

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


Please wait...