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