Cherish Wealth / Shah Wealth

Did you receive advice from Cherish Wealth or Shah Wealth? If so you may want to check if you should be claiming compensation for mis-sold pension advice.

Cherish Wealth Management were established in 2008 and based in the Midlands.

In 2010 they became Appointed Representatives of Shah Wealth, an FCA regulated financial advice firm, also based in the Midlands.

Cherish Wealth are known to have recommended several high-risk investments to clients. One of the most notable is InvestUS Exit Strategy.


InvestUS Exit Strategy / Real Estate Investments USA

InvestUS Exit Strategy was a US property investment scheme involving repossessed properties in Detroit, Chicago and Florida.  Billed as a “creative solution” in the wake of the mass foreclosures that resulted from 2008’s financial crisis. The scheme was to renovate the properties so they could be rented or sold.

It was registered in the Seychelles and run by British man Steven Wright, who was one of the founders of Cherish Wealth before leaving in 2011.

Despite promises to deliver returns of 15% per annum over 3 years, payments were been seriously delayed when the scheme ran into legal difficulties.

Many clients have also made complaints about the suitability of the advice they received from Cherish Wealth and Shah Wealth.


Some clients were introduced to InvestUS by Avacade, an unregulated introducer company who also had a relationship with Cherish Wealth.

In July 2020 the court ruled in favour of the FCA in a case which accused Avacade of making “misleading statements which induced consumers to transfer their pensions into self-invested personal pensions (SIPPs)”

Other investments Cherish/ Shah recommended

Other investments that Cherish/ Shah have recommended, which were also created by Steven Wright include:

  • Brisa Investments
  • Lakeview UK Investments
  • Tambaba Investments

Shah Wealth also advised people to invest their cash savings in The Income and Exit Strategy, another unregulated investment that has failed.

Portal Financial Services / Portafina

Between 2014 and 2015 Cherish Wealth Management introduced clients to Portal Financial Services. This was to advise on the suitability of transferring their pensions.

Portal recently lost a court case challenging the Financial Ombudsman Service. This was in relation to complaints the FOS had upheld against Portal which also involve Cherish Wealth.

Latest on Cherish Wealth and Shah Wealth

Shah Wealth Management were declared in default by the FSCS in 2018.

Both Cherish Wealth Management and Shah Wealth are in liquidation.


Want to know if you may have been given mis-sold pension advice?

Whilst each case is individual, as pension mis-selling specialists we know to look for certain signs that in our experience indicate mis-sold pension advice may have been given.

Our assessment is free and there’s absolutely no obligation to use our service if you have case.

Key Facts

Cherish Wealth are known to have recommended several high-risk investments including InvestUS Exit Strategy
Shah Wealth also advised people to invest their cash savings in The Income and Exit Strategy. This is another unregulated investment that has failed

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Robert Pemberton
Antony Stroud
Excellent company, would definitely use again, they never gave up
Junior Geener
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
Keith Wilkins
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
Excellent service. Great result.
michael dixon
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.