Staffordshire firm declared failed by FSCS over investment advice

Pro-Synergy Wealth & Tax Management had ten claims against it

Isabel Baxter
clock • 1 min read

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...

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

Evelyn Partners reports 'elevated' outflows as volatility hits clients

Evelyn Partners reports 'elevated' outflows as volatility hits clients

Net flows remain positive at £345m

Isabel Baxter
clock 08 May 2025 • 2 min read
SJP complaints skyrocket as CMCs target clients

SJP complaints skyrocket as CMCs target clients

Ahead of historic advice review

Isabel Baxter
clock 07 May 2025 • 3 min read
M&A-hungry My Pension Expert enters £25m refinancing deal

M&A-hungry My Pension Expert enters £25m refinancing deal

Follows Tenet&You buy last year

Jen Frost
clock 29 April 2025 • 2 min read