Advanced Wealth Management Ltd
What this means for you
Because Advanced Wealth Management Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.
Background
Advanced Wealth Management Ltd (FRN 496191) was declared in default by the Financial Services Compensation Scheme on 22 March 2017. The firm's product types were not specified in available records, limiting clarity on the exact scope of services offered. Former customers may be entitled to FSCS compensation, though the applicable limits—£85,000 for investments, mortgages, or deposits, or 90 per cent of losses for insurance claims without a cap—depend on the products held at the time of default.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.