Wealth manager in administration after four year court battle

Now seeking buyer

Hannah Godfrey
clock • 1 min read

Full Circle Asset Management has been placed in administration following a four year court battle brought about by a client.

On 19 December three administrators were appointed to the Kent-based business. Full Circle went into administration after losing a four year court case that concluded on 1 December, when the High Court ordered it to pay a fine after a £1.5m investment from client David Rocker fell by 50%. Rocker alleged the losses were caused by the firm's breaches of the contractual terms over how it managed his money. The amount Full Circle has to pay is still to be decided. A statement from insolvency practitioners PCR, said the administrators are in the early stages of their appointment, and...

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 Your profession

'Will this return us to one-size-fits-all?': Industry divided over Reeves' Consumer Duty wholesale review

'Will this return us to one-size-fits-all?': Industry divided over Reeves' Consumer Duty wholesale review

Wholesale exemption would ‘adversely affect the Duty’s objectives’

Sahar Nazir
clock 17 July 2025 • 5 min read
Tatton Core Balanced tops ten most recommended platform MPS by value

Tatton Core Balanced tops ten most recommended platform MPS by value

According to Defaqto Engage

Sahar Nazir
clock 17 July 2025 • 3 min read
Government's FOS reforms 'a mixed bag'

Government's FOS reforms 'a mixed bag'

Some changes appear to be ‘lacking in any substance,’ commentators say

Isabel Baxter
clock 16 July 2025 • 4 min read