InvestUS

If your SIPP contains InvestUS Exit Strategy then you may want to check if you should be claiming compensation

InvestUS Exit Strategy was a US property investment scheme.  It was billed as a “creative solution” to address the class divide created in the wake of 2008’s financial crisis and the mass foreclosures that followed.

The venture involved purchasing repossessed properties in Detroit, Chicago and Florida and renovating them so they could be rented out or sold on.

It was registered in the Seychelles and run by British man Stephen Wright.

Legal difficulties

According to reports the promotional material aimed to deliver returns of 15% per annum over 3 years.

Some investors reported receiving the initial annual payment, however the payments  were seriously delayed when the scheme ran into legal difficulties.

Many people have become invested in high-risk investments like InvestUs through their SIPP, often on the advice of a Financial Adviser.

Cherish Wealth Management

Before InvestUS Steven Wright co-founded Cherish Wealth Management who became FCA regulated in 2010 through its principal company Shah Wealth Management. Wright left the company in 2011.

Cherish Wealth are known to have recommended several high-risk investments to clients, including InvestUS.

Both Cherish Wealth and Shah Wealth went into liquidation in 2016.

Avacade

Some clients were introduced to this investment by Avacade, an unregulated introducer company who also had a relationship with Cherish Wealth.

In July 2020 the court ruled in favour of the FCA in a case regarding Avacade’s pension report service. They were accused of making “misleading statements which induced consumers to transfer their pensions into self-invested personal pensions (SIPPs)”

Want a free expert check to see if you’ve been mis-sold?

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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Key Facts

1
High-risk investment which was unsuitable for most SIPP investors
2
SIPP Providers Lifetime SIPP and GPC SIPP (Guardian) had InvestUS Exit Strategy in some of their SIPPs
3
You may be able to claim compensation for mis-selling

We win more than 9 out of 10 claims

The cost of our service is 18% inc VAT on the total monies awarded for a successful claim

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.