What To Do If You Took Advice From 'Philpott Reed'

Advisors

Are you familiar with Philpott Reed Partnership LLP, the once-notable independent financial advisory service based in Scotland? If you are, then this article is going to be crucial for you. Founded on March 23, 2006, the firm gained prominence for its specialised advice geared toward high net-worth individuals in areas like pensions, investments, tax planning, and protection. However, its operations came to an abrupt halt, as it was dissolved on March 10, 2019.

But why are we talking about a financial advisory firm that’s no longer in operation? Because there have been some major developments that you should be aware of, especially if you've had dealings with them in the past. While more information is expected to come to light, if you recognise this name and think you might have been affected, it's crucial to take action. 

 

Key Developments Around Philpott Reed Partnership LLP

Before we dive into how we can assist you, let’s recap the critical points around Philpott Reed Partnership LLP:

 

Establishment and Expertise

Philpott Reed Partnership built its reputation as a leading financial advisory service. The firm specialised in offering planning and advice to high net-worth clients, covering essential financial aspects such as pensions, investments, and tax planning.

 

Regulatory Status

Although it was once authorised by the Financial Conduct Authority (FCA) and/or the Prudential Regulation Authority (PRA), its authorisation was revoked as of October 12, 2017. This means that from this date, the firm was prohibited from carrying out regulated activities and offering specific products to the public.

 

FSCS Declaration

The Financial Services Compensation Scheme (FSCS) declared Philpott Reed Partnership LLP as failed on January 17, 2018. This status generally indicates a level of risk for consumers who have interacted with the firm.

 

Investment Offering

One of the notable investment names associated with the firm is UK PDS. If you've been involved with this investment, you might want to pay close attention to your financial portfolio.

 

Why It's Important to Open a Claim

If you've dealt with Philpott Reed Partnership LLP in the past, the developments mentioned above should serve as an alert. Financially speaking, failing to act could have repercussions on your investments and financial health.

Asset Recovery: If you’ve invested through Philpott Reed Partnership LLP, especially in UK PDS, you could be at risk. A claim may allow you to recover some or all of your assets. 

Peace of Mind: Opening a claim will provide clarity on your financial standing. Ignorance may be bliss, but not when it comes to your hard-earned money. 

Legal Accountability: It's essential to ensure that financial institutions are held accountable for their actions and the advice they provide. Your claim could be a step towards achieving that accountability. 

Financial Safety: With its authorisation removed, the firm is no longer under regulatory oversight, putting your investments at greater risk.

 

How CP Financial Claims Can Assist You

We understand that dealing with financial complexities can be daunting, particularly when it involves a firm that has lost its regulated status. That's why CP Financial Claims offers comprehensive services to help you:

  • Claim Assessment: Our team of experts will evaluate the merit of your claim, guiding you through what steps to take next.
  • Documentation and Filing: We'll assist you in gathering all necessary documents and file the claim on your behalf, ensuring a smooth and efficient process.
  • Legal Guidance: Our team includes legal experts who can provide advice tailored to your specific case.
  • Continual Updates: We promise to keep this page updated as more information emerges, ensuring you’re never left in the dark. 

 

Act Now

As more information emerges, it's possible that new avenues for claims and recoveries might open up. We promise to keep this page updated, as and when we get more information.

Take action today by entering your details below for a free, no-obligation chat. 

Have You Been Affected?

At CP Financial Claims, our goal is utmost transparency. You'll only be charged a fee if we successfully secure financial redress for you. The success fees can range from 15% to 25% of your settlement, depending on the amount. For more information, click here.
In the event that you pursue your claims until the end but they turn out to be unsuccessful, you won't owe any payment. If you decide to cancel your claim after the 14-day cooling-off period but before the process concludes, there may be a cancellation charge. To learn more about cancellation fees, click here.

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