Hamilton Rose Wealth Management

If you received advice from Hamilton Rose Wealth Management, you may want to check if you should be claiming compensation for pension mis-selling.

Hamilton Rose Wealth Management Limited were a financial advice firm based in Nottinghamshire. Other trading names include Athena Wealth and theisaexpert.co.uk.

Hamilton Rose WM Ltd applied to have its FCA permissions cancelled in March 2021 and was declared in default by the FCSC in December 2021.

The FSCS has received over 30 complaints so far against Hamilton Rose Wealth Management, of which 17 relate to self-invested personal pensions (SIPPs) and the advice given by Hamilton Rose.


Hamilton Rose Wealth Management and unsuitable advice complaints

Unsuitable advice complaints were also upheld by the Financial Ombudsman Service relating to pension transfer advice given by Hamilton Rose.

The first complaint upheld in March 2021, involved a client who was advised to switch her personal pension plans into a SIPP which were then invested in managed and With-Profits funds.

The FOS upheld the complaint reasoning that

 “…the recommendation wasn’t suitable and was unnecessary as it incurred additional charges without the prospect of substantial benefits… In addition, there was a significant increase in annual charges…It’s not clear how it was considered likely that she would achieve the increased return necessary without taking a level of risk beyond her risk profile.”

Clear Capital Management and Hamilton Rose Wealth Management

The second complaint also involved advice to transfer into a SIPP but using the services of Clear Capital Management, a Discretionary Fund Manager with links to Hamilton Rose Wealth.

The FOS upheld the complaint as they felt charges had been misrepresented and the new pension arrangement was actually more expensive than the old pension scheme. The investigators also “…thought it looked like Mr R had not been invested in line with his cautious attitude to risk”

Clear Capital Management had restrictions placed by the FCA in 2019 regarding regulated activity involving managing and dealing with investments.

According to Companies House Clear Capital Management were dissolved on the 22nd June 2021.


What is Unsuitable Pension Advice?

Unsuitable pension advice is at the heart of most pension mis-selling cases and quite often involves a transfer from a personal pension into SIPP – Self Invested Personal Pension.

Unfortunately, the investments within these SIPPs turn out to be high-risk and unregulated. These types of investments are generally only considered suitable for certain investors who:

  • Have investment experience or knowledge
  • Understand the risks involved
  • Can afford the risks involved

People ending up invested in schemes that do not match their attitude to risk is a common factor in many mis-selling cases.

The transfer itself may also be ill-advised if the client would have been better off staying in their existing pension scheme.

Want to know more about mis-sold pension advice from Hamilton Rose Wealth Management?

If you are concerned about the advice you received from Hamilton Rose and want to check if it may have been unsuitable (mis-sold) we offer a free consultation.  It’s a simple chat with one of our experienced claims handlers to initially assess if we think you have a claim.

Our assessment is free and there’s no obligation to use our service.

Key Facts

Complaints were upheld by the Financial Ombudsman Service in 2021 that related to pension transfer advice given by Hamilton Rose
Other trading names include Athena Wealth and theisaexpert.co.uk.
Hamilton Rose were declared in default by the FSCS in December 2021

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.