Cardiff firm declared failed by FSCS over investment advice

Welsh firm Mackie Wealth Management is no longer trading

Isabel Baxter
clock • 1 min read

Cardiff-based firm Mackie Wealth Management has been declared in default by the Financial Services Compensation Scheme (FSCS).

An update posted by the lifeboat fund yesterday (20 June) stated that the firm is no longer trading and customers can now make claims against it. The FSCS said it has received two claims against Mackie Wealth Management, with one in progress for investment advice. According to the Financial Conduct Authority register, the firm has not been authorised since 23 March 2015, which means it can no longer provide regulated activities and products. Companies House shows that the firm was incorporated in 2009 and was dissolved in 2015. This latest action by the FSCS comes after it decla...

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