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Meyado Private Wealth Management London Ltd

Were you advised by Meyado Private Wealth Management London?

Meyado Private Wealth Management London was declared in default by the Financial Services Compensation Scheme November 2021.

It was a boutique advice firm and was formerly known as Berkshire Financial Advisers Ltd.

In March 2021 the FCA restricted its permissions in relation to carrying our regulated activity and handling assets.

Meyado Private Wealth entered liquidation in October 2021 after the Financial Ombudsman upheld 13 complaints against the firm.

These complaints related to advice given by a former appointed representative Heather Dunne IFA (HDIFA).

We can help you check if you have a mis-sold advice claim

1

Our initial assessment can check if you may have been given mis-sold pension advice

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Each case is individual, but as mis-sold pension specialists we look for certain signs that indicate unsuitable pension advice may have been given.

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Our initial assessment is free and there’s no pressure to use our claims service if you have case.

Check if you have a case

Heather Dunne HDIFA & Meyado complaints

HDIFA was an Appointed Representative (AR) of Meyado Private Wealth Management London between 19 September 2011 and 17 July 2013.

It was also an AR of Julian Harris Financial Consultants and Financial Solutions Midhurst Limited.

HDIFA stopped being an authorised Appointed Representative in 2018 and the firm was dissolved in January 2021.

Why have people complained about Meyado Private Wealth Management?

During its time as an Appointed Representative,  HDIFA advised the 13 complainants to transfer from their DB schemes to Self-Invested Personal Pensions (SIPPs). And to invest in unregulated investment schemes and illiquid assets which include overseas plots of farmland, overseas property investments and carbon credits.

The Financial Ombudsman Service found these investments to be unsuitable for almost all of the complainants.

As the principal firm, Meyado Private Wealth Management London as are responsible for the regulated activities of their Appointed Representatives.

Can I still complain now Meyado Private Wealth Management is in default?

Yes you can make a claim against Meyado Private Wealth Management but it will be processed by the Financial Services Compensation Scheme (FSCS).

When the FSCS declares a firm or adviser in default it means it has established there are claims that are eligible under its rules.

And that the firm/adviser is unlikely or unable to pay the compensation in relation to these claims.

The FSCS has limits to how much compensation it can award, depending on when and how you were mis-sold.

The FSCS told reporters it has paid almost £1m in compensation so far in claims regarding Meyado Private Wealth Management London.

Most of the claims related to pension transfers, while several were about other investments or pension advice.

Need some help?

Our free initial assessment can tell you you if we think you case and more on how to make a claim if you have.

It’s free and there’s no obligation to use our claim service.

Simply fill in the form below and arrange a chat with one of friendly straight-talking experts!

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    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.