A total of 19 firms have been declared in default by the Financial Services Compensation Scheme (FSCS) in the month of March.
Of the total 19 firms, eight were life and pension firms and four investment firms.
The firms included financial advisers Added Value Financial Services, Ardgowan Financial Services, Cavendish Financial Planning, Financial Page, Henderson Carter Associates, Ideal Financial Solutions and Vanguard Wealth Management.
FSCS head of communications Mark Oakes said: "Anyone who believes they may be owed money as a result of their dealings with any of these firms should get in touch. We may be able to help.
"The FSCS protects consumers around the UK when authorised financial services firms go bust. It protects their deposits, investments, home finance and insurance, and it is free for consumers to use."
The FSCS recently confirmed it would levy firms £363m this year but investment advisers would have to pay £88m - £4m more than originally anticipated.
Life and pensions advisers will be levied £146m, but the funding class is capped at £100m and the FSCS will pick up the remaining £46m from providers in the sector.
Self-invested personal pensions, which account for about 93% of the costs in this class, saw their forecasted average claim value reduced from £36,000 to £32,000.
The lifeboat fund has paid out more than £26bn in compensation since its inception in 2001, helping more than 4.5m people.
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