FSCS in-default register

Avidity Wealth Management Group Limited Formerly Reid & Co Limited

Declared in default19 May 2015FRN 214035

What this means for you

Because Avidity Wealth Management Group Limited Formerly Reid & Co Limited 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

Avidity Wealth Management Group Limited, formerly known as Reid & Co Limited (FRN 214035), was declared in default by the Financial Services Compensation Scheme on 19 May 2015. The firm's specific product offerings are not documented in available records. Eligible customers may claim compensation through the FSCS, subject to the applicable limits for their product category.

Products this firm wrote

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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.