FSCS in-default register

WealthTek LLP

Declared in default6 April 2023FRN 832264

What this means for you

Because WealthTek LLP has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

WealthTek LLP (FRN 832264), a UK-regulated financial services firm providing investment advice and unregulated collective investment products, was declared in default by the Financial Services Compensation Scheme on 6 April 2023. Eligible customers who held investments through the firm may be entitled to compensation of up to £85,000 under FSCS protection rules. The declaration of default triggers the compensation scheme's obligation to assess and settle claims from affected clients.

Products this firm wrote

Investment adviceUnregulated Collective Investment Schemes (UCIS)

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.