Vector Wealth Ltd

Vector Wealth Ltd, an FCA-regulated firm and provider of some investment related activities, entered voluntary liquidation on 13 November 2023 after appointing administrators in April 2022. The firm issued its own ‘mini bonds’ to investors, known as the "Absolute Return Forex Bond".

Vector Wealth Ltd has also traded under the names Vanguard Capital Group Limited and Fifth Quarter Asset Management (UK) Ltd. Incorporated on 25 November 2019, the firm is currently still authorised by the Financial Conduct Authority (FCA) but has been subject to various FCA restrictions and has applied to cancel its FCA permissions.

In February 2022, the FCA imposed asset restrictions on the firm and ordered it to “cease all regulated activities for which it has Part 4A permission without the prior written consent of the Authority.” Additionally, the FCA directed Vector Wealth to stop unregulated activities related to the issuance of bonds.

The Financial Services Compensation Scheme (FSCS) has been investigating Vector Wealth Ltd since 22 April 2022. The FSCS’s website states that it “is investigating if there are investment services provided by Vector Wealth in relation to these investments [mini bonds] that are regulated and meet the qualifying conditions for compensation.”

The FCA believes around 40 clients invested in bonds issued by Vector Wealth, totalling around £4 million. Although the issuing of a company’s own bonds, like the ‘Absolute Return Forex Bond’, is not a regulated activity in itself, CP Financial Claims can help determine whether a regulated activity was involved, thereby potentially enabling you to claim for financial losses resulting from your investment in these bonds.