Beaufort Securities Ltd - Beaufort SIPP

If you invested with Beaufort, either with their DFM service or into the Beaufort Securities SIPP you may want to check if you should be claiming compensation for mis-selling

The firm started out in 1992 and have previously being known as Hoodless Brennan & Partners, Hoodless Brennan PLC, HB Markets PLC and HB Markets Ltd.

Providing financial services such as Discretionary Fund Management (DFM), Stockbroking, as well as aspects of SIPP pensions and investments. 

The Beaufort Securities group of companies have been no stranger to controversy.

Brief Timeline

  • 2003 – they were fined for producing false and mis-leading info for an announcement they made that they had placed £2.5m of shares in PrimeEnt Plc – a media company listed as on the AIM (Alternative Investment Markets) – when that wasn’t the case.
  • 2006 – they were fined again after the FSA considered that Hoodless Brennan staff had deliberately engaged in “unacceptable selling practices”
  • 2016 – FCA put restrictions on Beaufort Securities as claims against Beaufort SIPP rise
  • 2018 – Beaufort Asset Clearing Services went into special administration following an FBI undercover operation involving alleged money laundering, securities fraud and a Picasso Painting!
  • 2020 – Both companies entered administration in 2018. Beaufort Securities is now dissolved following liquidation. 

Beaufort Securities SIPP

In 2016 the FCA placed restrictions on Beaufort Securities in respect of regulated activity. Claims started to arise in respect of the Beaufort SIPP as it became clear that the high-risk investments within this SIPP were unsuitable for the investors who had been advised to transfer into it.

As with most cases of SIPP mis-selling, the claim for compensation is usually made against an Adviser for the regulated advice. However, a DFM also has a regulated obligation and in a case upheld against Beaufort in 2017, the FOS said: ‘Even if there was some input from the IFA, Beaufort Securities accepts that its DFM had authority to make his own investment decisions.’

Grosvenor Butterworth

Grosvenor Butterworth made “unsuitable recommendations” for people to invest with Beaufort Securities DFM portfolios

Aegis Power Bond

The Aegis Power Bond is an investment known to have been included in some Beaufort portfolios, despite being an unsuitable investment for the clients.

A previous claim upheld by the Financial Ombudsman Service related to a client who had lost £71k after investing in Eastbridge Investments through Beaufort Securities DFM

Helix Bond Investment

Helix Bond is a failed investment. Clients who invested in Helix Bond were unaware that their monies were pooled together with other consumers unknown to them in Tranches in order to increase the total value in order pass the minimum investment limit permissible for Helix Bond.

Read more on how we successfully managed to win our client Miss J’s case despite the complexity of Helix Bond as an investment.

Get an expert opinion on Beaufort Securities

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.

Key Facts

Beaufort had high-risk, unregulated investments such as AEGIS Power Bond in some SIPPs
Other trading names include Hoodless Brennan & HB Markets
Beaufort went into Administration in 2018

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.

Robert Pemberton
Antony Stroud
Excellent company, would definitely use again, they never gave up
Junior Geener
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
Keith Wilkins
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
Excellent service. Great result.
michael dixon
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
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.