LCM Family Limited (formerly LCM Wealth Management Limited) (LCM) has been directly authorised by the Financial Conduct Authority (FCA) since October 2003. LCM is a dual authorised firm, also authorised by the Solicitors Regulation Authority (SRA). LCM provided financial advice and other investment services.
On 28 April 2026, Louise Longley and Gary Shankland of BTG Begbies Traynor (Central) LLP were appointed as joint administrators.
The administrators have published an update on thier website.
Latest updates
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29 Apr, 2026
FSCS is now open to customer claims.
If you believe you have a potential compensation claim against LCM, you can now submit a claim using our online claim service. Please note, FSCS does not cover legal services which may have been provided to customers by LCM.
Although we are accepting claims against LCM, they will not be immediately passed to our claims processing teams for assessment. We are currently investigating the firm to determine whether claims meet the qualifying conditions for compensation, and this may take some time.
If you have already submitted a complaint to the Financial Ombudsman Service (FOS), FOS may contact you to request your permission to transfer your file to us. You will still need to make a claim to us, however you do not need to provide any evidence which is already held on your FOS file, provided your FOS file is transferred to us.
The latest news regarding our work on LCM will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.
It’s free to make a claim with FSCS and you don’t need to use a representative or a solicitor. If you claim directly with us, you will receive 100% of any compensation.
Please be wary of scams. FSCS will never ask you for money to make a claim or receive compensation, as our service is free. If you are concerned about any contact you receive, please contact us directly using the details found on our contact us page.