Four financial advice firms and a DFM fall into FSCS in March

The four financial advice firms to be declared in default in March were Glasgow-based One Wealth Management, Devonshire Asset Management, Kent-based Huntsman Hawkes and Aberdeen-based Midas Financial Solutions. Professional Adviser has already reported on Midas Financial Solutions being declared default in March; its financial services director Alistair Greig was found guilty of conning investors out of £13m on 12 March 2020.  The High Court in Edinburgh heard investors lost their "life savings" and even though the sentence was deferred, the judge warned: "There is likely to be very l...