By early 2025, the FSCS had paid out over £7.4 million in compensation to former clients of Alexander David Securities Limited (ADSL), with 463 claims received in total. Those numbers tell a story not just about the scale of the firm’s failures, but about the number of ordinary investors whose trust was misplaced in a firm that should have known better.
ADSL and Templeton Securities
ADSL held FCA regulation from 2008, providing stockbroking and investment services directly to private clients. In 2013, its appointed representative Templeton Securities Ltd took over its private client business. This means clients who dealt with Templeton Securities from that point may also have claims connected to the ADSL entity, depending on the nature of their investments and the advice they received.
The Default Declaration
ADSL entered creditors’ voluntary liquidation in July 2022. Shane Cooks, Emma Sayers and Malcolm Cohen of BDO LLP were appointed as joint liquidators. The FSCS declared the firm in default on 30 April 2024, unlocking the formal compensation process.
How Claims Are Being Assessed
The investigation was a substantial undertaking. The FSCS needed extensive data from the liquidators in order to work through the claims, and it has been clear throughout that it will review each case on its individual facts, looking at the nature of the advice given, the suitability of the investments recommended and the losses directly caused by ADSL’s failings.
If you held a portfolio managed by ADSL or Templeton Securities and suffered losses you have not yet been compensated for, please do not assume it is too late. With £7.4 million already paid and the process underway, the compensation scheme is active and open. You deserve to have your investment claims case heard.
The Fault Lies With the Firm
Many clients in situations like this feel they should have done more research, or that they were naive to trust a professional financial adviser. That is almost never the true picture. Regulated firms exist precisely because investors are supposed to be able to trust them. When that trust is betrayed, the fault lies entirely with the firm.
Get Help With Your Claim
If you had dealings with Alexander David Securities Limited and are worried about your money, please book a free consultation with our team. You may feel embarrassed about what has happened, but you should not. You were let down by people who had a professional and legal duty to act in your best interest. We will carry out all the investigative work on your behalf, at no cost to you. If your claim is not successful, you will not pay a penny. Call us during office hours or email hello@claimmyloss.co.uk , we are here for you.
