Troubled UK Adviser Enters Administration Amid Court Case

Law360, London (October 29, 2018, 6:08 PM GMT) -- A troubled investment adviser and wealth manager currently being sued in a London court over allegedly negligent pensions advice has entered into administration, the Financial Conduct Authority has said.

Greyfriars Asset Management LLP, a wealth management business authorized by the FCA, has appointed Adam Stephens and Henry Shinners from Smith & Williamson LLP as its joint administrators, the regulator announced late Friday.

The news comes on the heels of Greyfriars’ sale of its self-invested personal pensions, or SIPPs, and small self-administered scheme business to Hartley Pensions Ltd. on Oct. 25, and the sale of its financial adviser business to Insight Financial...

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