Mis-Sold Investment Claims: Strand Capital
The days of Strand Capital DFM may be numbered. The company’s owners sent the FCA notice that they intended to shut down operations voluntarily. Recent financial statements make the firm’s difficulties obvious.
DFM, based in London, manages roughly 86 million Pounds in its portfolios. The company was bought by Optima Worldwide in 2014. As reported by Citywire, today Strand Capital is operating under restrictions imposed by the Financial Conduct Authority.
- Does your SIPP pension include a Strand Capital account?
- Do Your SIPP Investments Include Non-Standard Assets?
Non-standard assets include many different types. They may be illiquid (hard to sell), unregulated by the FCA, and/or unusually volatile and risky. Falling outside of FCA regulation means that investors in these assets do not enjoy FOS/FSCS support if their investments turn sour.
Assets like this are only suited to investors who are both highly experienced and rich enough to absorb potential losses. Financial advisers have a responsibility to confirm that potential investors meet these criteria before they recommend non-standard investments.
Claims For Mis-Sold SIPP Investments
It is too early to explain with full confidence what has happened and will happen with Strand Capital. It is not too early to take steps to protect yourself! The claims specialists at TheYEC have helped investors deal with the fallout of collapses like that of Strand Capital before. TheYEC’s SIPP claims team has helped pension investors recover millions of Pounds. Every week we take on promising new cases on behalf of investors who have been mis-sold inappropriate investments. If you’d like to discuss your own pension situation with our expert claims specialists, please feel free to contact us for a free, no-obligation initial assessment.