Westbury Private Clients LLP
In liquidation 28 March 2018
You might be eligible for compensation
Westbury Private Clients LLP (WPC) was authorised by the FCA on 1 July 2013. WPC was a wealth management firm and operated as investment manager/discretionary fund manager (dfm) for the Westbury SIPP, which it launched in early 2014.
FSCS has received claims from customers highlighting concerns that WPC didn’t carry out enough due diligence. This is in relation to transfers/investments into the Westbury SIPP. The claims questioned the suitability of Westbury SIPP as an investment vehicle, due to the high risk nature of the investments which led to investors losing money.
WPC is now in liquidation. We are currently investigating whether the firm has breached FCA rules, and whether we can pay compensation to customers.
If you feel you have received negligent advice, or feel the SIPP was unsuitable for you, please make a claim via our online portal.
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13 Jul, 2021
FSCS’s investigations into Westbury Private Clients LLP are continuing. Right now, our legal team are considering the allegations made by customers, looking at whether any regulatory breaches may have occurred, and seeing if customers are protected under FSCS rules.