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

1
Complaints were upheld by the Financial Ombudsman Service in 2021 that related to pension transfer advice given by Hamilton Rose
2
Other trading names include Athena Wealth and theisaexpert.co.uk.
3
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.

Rodders Hewitt
2024-03-08
Pension Claim Consulting Ltd ...have for me done a great job ...within the expected time scale ...Couldn't have asked for more
Phil C
2024-02-23
Thank you to all at PCC. My claim was managed brilliantly and was successful. I can highly recommended their services. Thank you once again
Christopher Fraser
2024-02-07
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
2024-02-06
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Robert Manningham
2024-02-05
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
2024-02-05
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Roger King
2024-01-16
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
2023-10-17
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
Paul Wilshaw
2023-10-17
Very professional and informative from the beginning of our 5 year relationship. They talked me through every step of the process with what to expect. I would recommend Pension Claim Consulting to anyone who wants an honest and professional service.
Bill Cass
2023-10-16
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
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.