Wolverhampton adviser banned from directorship for 8 years

Made nearly £2m

Hannah Godfrey
clock • 2 min read

A Wolverhampton-based financial adviser has been banned for eight years after his firm provided poor pension advice that led to clients losing £7m.

Gerard Blakemore, who was the sole director at Blakemore Wealth Management, invested customers' funds into high-risk schemes without carrying out proper enquiries about their suitability, according to the Insolveny Service. He then used client money for his own financial gain, ultimately making himself nearly £2m, the government agency said. Blakemore WM traded out of Blakemore's home in Wolverhampton between April 2012 and October 2018, when it entered voluntary liquidation. The company invested funds on behalf of 34 clients.  The company's liquidation was brought to the attention of...

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