Discretionary Fund Management (DFM) usually involves a fund manager building a portfolio of investments tailored for you.
The now defunct Greyfriars Asset Management Portfolio Six, received a lot of media attention. No doubt due to the fact it featured several high-risk ventures which were unsuitably marketed at investors as part of their SIPPs.
These included The Resort Group (who were part of a BBC Panorama documentary) Lanner Car Parks and the Olmstead Series.
Unfortunately, many cases of mis-selling occurred as a result of low risk investors ending up in high risk investments.
In fact, in 2017, the FCA sent out a warning to SIPP providers, advising them how some DFM portfolios might be putting investors at risk, as they contained high-risk, non-standard investments which may not be suitable for that client’s risk profile.
If you’d like to know more about investment mis-selling and how the claims process works, call 0114 266 4216 and talk to our team. Or fill in the enquiry form to arrange a call back at a time that suits you.
We will briefly assess the circumstances of your investment or pension transfer and tell you if we think you may have a case to claim compensation. It’s free and there’s no obligation to use our service.
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 Compensation Scheme, whichever is applicable to your claim.
We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.