Thomson Brown Financial Management Ltd were a financial advice firm based in Dalkeith Scotland.
Established in 2007 they were previously known as David Brown Financial Services Ltd and also traded as Audley Asset Management.
They applied to have its FCA permissions cancelled in March 2021. According to companies house the company dissolved on 22nd June 2021.
The FSCS have now declared Thomson Brown Financial Management Ltd in default.
Unsuitable advice complaints were upheld by the Financial Ombudsman Service earlier this year. These complaints related to pension transfer advice given by Thomson Brown Financial Management and Newport Financial Management LLP. Newport Financial Management LLP were an Appointed Representative of Thomson Brown Financial Management Ltd.
The firm is no longer registered with the FCA as Appointed Representative agents of an authorised firm and the company was dissolved in 2019.
Unsuitable pension advice is at the heart of most mis-selling cases and quite often involves a transfer from a personal pension into SIPP.
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:
People being advised to invest 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.
If you are concerned about the advice you received from them and want to check if it may have been unsuitable (mis-sold) we offer a free initial consultation.
Whilst 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 case.
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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.