Staffordshire-based firm Pro-Synergy Wealth & Tax Management, trading as Sedulo Wealth Management, has been declared in default by the Financial Services Compensation Scheme (FSCS).
An update posted by the lifeboat fund yesterday (19 September) stated that the firm is no longer trading, and customers can now make claims against it. The FSCS told Professional Adviser it has received 11 claims against Pro-Synergy Wealth & Tax Management, with one upheld and ten rejected. All related to investment advice. According to the Financial Conduct Authority register, the firm has not been authorised since July 2020, preventing it from providing regulated activities and products. Meanwhile, Companies House shows that the firm was incorporated in 2009 and is in liquidation...
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