Advanced Financial Management Ltd
What this means for you
Because Advanced Financial Management Ltd 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
Advanced Financial Management Ltd (FRN 158087) provided investment advice and unregulated collective investment products to customers before being declared in default by the FSCS on 26 February 2003. The firm's failure affected investors who had purchased these products. Former customers may be entitled to FSCS compensation of up to £85,000 for investment claims, though compensation eligibility and amounts depend on individual circumstances and the specific nature of losses incurred.
Products this firm wrote
How to claim
- Check you were a customer of this firm during the period it was regulated.
- Gather your policy / advice / contract paperwork — start with anything you have in writing.
- Identify your loss and the date it crystallised.
- Apply via the FSCS online claim portal at claims.fscs.org.uk.
- The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.