A former IFA, who has been accused of mis-selling investments in a Stirling Mortimer UCIS while entrusted with 'power of attorney' type status by an elderly client, has been revealed as the legal decision-maker for at least nine other people.
Brian Jones, the ex-director of Clwyd-based Ravencourt Financial Services, was exposed in a Sunday newspaper as being embroiled in a £90,000 mis-selling case with the family of a WW2 veteran who died in April. Jones was able to make the decision to invest after his long-standing elderly client Albert Regan gave him an unofficial power of attorney role over his affairs in 2002. However, IFAonline has discovered Jones took up similar powers for at least nine other clients. Jones was given 'attorney-type' powers for three clients, including Mr Regan, and was executor of the estates fo...
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