FCA warns on unauthorised tech-focused wealth manager

Chester Financials is promoting services without permission

Isabel Baxter
clock • 1 min read

The Financial Conduct Authority (FCA) has warned that tech orientated wealth manager Chester Financials is unauthorised.

The watchdog warned that the Ipswich-based firm may be providing or promoting financial services or products without its permission. "You should avoid dealing with this firm and beware of scams," it added. "This firm is not authorised by us and may be targeting people in the UK." Chester Financials is a wealth manager that states it focuses on wealth creation, artificial intelligence, and digital assets. According to the firm's website, its proposed services are insured and involve Blockchain technology, with a primary interest in cryptocurrency trading, real estate investment, for...

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