Devon-based advice firm Philip J Milton has been given the responsibility of managing £55m on behalf of more than 1,600 investors following the recent suspension of a London-based DFM.
Discretionary fund manager (DFM) Organic Investment Management entered into administration at the end of last year and was told it must not carry out any regulated activities without the Financial Conduct Authority's permission. Philip J Milton said the funds clients were invested in included two unregulated undertakings for collective investment in transferable securities (UCITS) funds, which are currently suspended and administered by European and Global Investment in Dublin. Devon adviser attains Chartered status at 23 years old Philip J Milton managing director Philip Milton ...
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