Wealth management firm Helm Godfrey is under investigation by the Financial Conduct Authority (FCA) for advice it gave on unregulated collective investment schemes (UCIS).
The regulator has asked the firm to carry out a skilled persons, or section 166, review - a third person review paid for by the firm - to check whether it had given poor advice on UCIS sales between 2007 and 2010. The firm declined to comment on which advisers or investment schemes were involved in the review but said it had "made major amendments to its processes around the sale of UCIS to clients since the period in question". The firm said it was co-operating "fully and openly" with the skilled person and the regulator in every way. Helm Godfrey chief executive Graham Cross said...
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