Wealth manager in administration after four year court battle

Now seeking buyer

Hannah Godfrey
clock • 1 min read

Full Circle Asset Management has been placed in administration following a four year court battle brought about by a client.

On 19 December three administrators were appointed to the Kent-based business. Full Circle went into administration after losing a four year court case that concluded on 1 December, when the High Court ordered it to pay a fine after a £1.5m investment from client David Rocker fell by 50%. Rocker alleged the losses were caused by the firm's breaches of the contractual terms over how it managed his money. The amount Full Circle has to pay is still to be decided. A statement from insolvency practitioners PCR, said the administrators are in the early stages of their appointment, and...

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