SEQUENCE FINANCIAL MANAGEMENT
Sequence Financial Management (SFM) was a financial advice firm involved in pension arrangements that have since come under scrutiny, particularly in connection with high risk and unregulated investments.
The firm accepted referrals from individuals and organisations that were not authorised to give regulated financial advice. Many clients were then encouraged to transfer their pensions into Small Self Administered Schemes, or SSAS’s. These schemes were often established with providers such as Rowanmoor, Cantwell Grove or Monument. As part of the process, investors were sometimes also advised to set up limited companies.
One of the main objectives behind these pension transfers was to enable investment into The Resort Group, an unregulated and high-risk overseas property development focused on hotels in Cape Verde. This type of investment was not suitable for most retail clients, particularly those with limited investment experience.
SFM supported clients in transferring a significant portion of their pension savings, in some cases as much as seventy percent, into these arrangements. Many were unaware of the true level of risk involved or the responsibilities that came with running a SSAS, including the costs and the need to file company accounts.
The firm failed to ensure that clients properly understood the implications of these decisions, or whether such investments were appropriate for their circumstances.
SFM also advised some clients to invest in other high-risk products held within Greyfriars SIPP arrangements. These included Elysian Fuels, Alpha Business Centre, Dubai Car Parks, P6 and Borgo Ala Vigna.
If you were advised by Sequence Financial Management to transfer your pension or to invest in any of these products, it is important to review your position. Even if your investment has not yet shown a loss, you may still be entitled to claim compensation. We can help assess the advice you received and determine whether a claim can be made.
