Break-in costs Welsh adviser firm Niche IFA £7,000

TV and internet equipment stolen

Hannah Godfrey
clock • 3 min read

Niche IFA has suffered an apparent break-in over the course of an office refurbishment, which the Newport-based adviser said would cost the firm more than £7,000.

The incident occurred in the early hours of Sunday 28 July. The firm has reason to believe a middle-aged man broke into the office using a crowbar and took an £800 LG television that was intended to be used in the firm's boardroom. The intruder also allegedly stole an item from the firm's server cabinet, which Niche IFA director and Chartered financial planner Ray Adams described as essential to the running of the business. The taken component controlled Niche's leased line, which the business used for the internet. As the phones, call-recording systems, printers and computers all run of...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Culture is the most effective risk tool wealth managers are missing out on

Culture is the most effective risk tool wealth managers are missing out on

'Understanding a firm's culture is understanding its risk profile'

Bev Shah
clock 09 January 2026 • 5 min read
FCA sets October 2027 date for implementation of cryptoasset rules

FCA sets October 2027 date for implementation of cryptoasset rules

Issues further guidance

Michael Nelson
clock 09 January 2026 • 1 min read
WH Ireland shareholders back Team takeover in key vote

WH Ireland shareholders back Team takeover in key vote

FCA clearance still required

Sahar Nazir
clock 09 January 2026 • 3 min read