CLEAR CAPITAL MANAGEMENT
Trading under the names Kalis Capital and Clear Advice, Clear Capital Management LLP (FRN: 598743) operated as a discretionary fund manager (DFM) and investment adviser. The firm was involved in promoting fixed-rate corporate bonds issued by Corporate Finance Bonds Ltd, among other investment activities.
FCA Restrictions and Regulatory Action
In April 2019, the Financial Conduct Authority (FCA) placed restrictions on Clear Capital Management following serious concerns about how the firm was operating. These restrictions included:
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A ban on managing unauthorised alternative investment funds
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A prohibition on managing investments or dealing as an agent without FCA consent
By 22 June 2021, Clear Capital Management had ceased trading, and its FCA authorisation was formally revoked on 27 July 2021.
FSCS Default and Compensation
On 29 September 2021, the Financial Services Compensation Scheme (FSCS) declared Clear Capital Management LLP in default. This allows former clients to make claims for compensation where they have suffered financial losses as a result of unsuitable advice or mismanagement.
Investment Concerns
Clear Capital worked closely with firms such as St Pauls Marketing Ltd to promote high-risk, unregulated investments including:
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Water Bonds PLC (later Hydrology PLC)
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Unquoted securities such as Aviation & Tech Capital, Net Energy, and The House of Britannia
Many of these investments were promoted to self-certified investors, a classification that still requires firms to conduct proper due diligence and ensure clients understand the risks involved.
What to Do If You Were Affected
If you invested through Clear Capital Management, particularly in unregulated bonds or unquoted shares, you may be eligible to claim compensation via the FSCS. Even if you signed a declaration as a self-certified investor, the firm may still be liable if it failed to treat you fairly or misrepresented the risks involved.
If you transferred your pension into an investment with the company you may have been given unsuitable advice. Whilst you might not technically have been mis-sold a pension transfer, it is still important to have your transactions reviewed.
Avoid cold-calling companies as they will be earning a commission for being able to access your personal data.
Next Steps
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
