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...

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 Companies

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Acquires Lifetime Financial Management Intermediaries

Isabel Baxter
clock 11 September 2025 • 3 min read
Finli prepares 'sizable' acquisition as leadership transition gets underway

Finli prepares 'sizable' acquisition as leadership transition gets underway

Acquisition will bring in more younger advisers, Finli outgoing CDO says

Sahar Nazir
clock 11 September 2025 • 3 min read
Quilter welcomes latest intern cohort

Quilter welcomes latest intern cohort

Through wealth manager’s ‘Early Careers’ programme

Isabel Baxter
clock 10 September 2025 • 1 min read