Clear Capital Management LLP was a Discretionary Fund Manager (DFM) based in Nottingham. Other trading names include Clear Advice and Kalis Capital.
It also acted as the investment adviser for a number of fixed-rate corporate bonds issued by a firm called Corporate Finance Bonds.
When their model portfolios were added to the Ascentric platform in 2017, Clear Capital used Corporate Finance Bonds in its portfolios.
According to reports, the firm agreed to restrictions from the FCA in April 2019. These prevented it from dealing in investments as an agent, managing investments, and managing unauthorised alternative investment funds without FCA permission.
An asset retention order was applied to the firm. This meant it was unable to dispose of or ‘deal with’ its assets without the FCA’s permission.
Clear Capital Management was declared in default by the FSCS on 29th September 2021. The company is no longer authorised by the FCA and was dissolved in June 2021.
It’s was reported in October that 23 claims have been made to the FSCS regarding Clear Capital Management.
Mis-sold financial advice is one of the most common factors involved in pension mis-selling. Examining the advice you received is the first step in assessing if you have a case.
If you have answered no to these questions this may indicate you have been mis-sold and that you should explore making a claim.
If you are concerned that the advice you received may mean you’ve been mis-sold – we may be able to help.
While each case is individual, as mis-selling specialists, we know to look for certain signs that in our experience indicate that mis-selling may have happened.
Our assessment is free and there’s absolutely no obligation to use our service if you have a case.
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.