In 2015 Archer Wealth Management went into Liquidation, by 2016 they became de-authorised by the FCA. Since then claims have been made against the company for the unsuitable advice given to their clients in respect of pension transfers into SIPPS. These transfers involved high-risk investments into ventures such as Storage Pods and Overseas Property.
Advice is deemed unsuitable if the adviser hasn’t made you aware of the risks involved, or the adviser hasn’t checked that the investment is suitable for your personal financial circumstances.
High risk investments, in particular, are only suitable for clients with the investment experience needed to manage their SIPP account.
?If you’re worried about the investment advice you may have received from Archer Wealth Management, we offer a Free No Obligation Consultation to help establish if the advice you received was suitable or not and if you have grounds to proceed with a claim for compensation.