SEQUENCE FINANCIAL MANAGEMENT

Sequence Financial Management (SFM) was accepted introductions from unregulated introducers to arrange investment into The Resort Group via SSAS’s,

SSAS’s are unregulated occupational pension schemes. The investor was helped to set up limited companies before setting up the pension vehicle with either Rowanmoor, Cantwell Grove or Monument.

The company would assist retail clients (inexperienced investors) to transfer their pensions into a SSAS with the ultimate objective being to invest up to 70% of the pension fund into The Resort Group.  In so doing, SFM potentially failed to provide suitable advice for clients who had no idea of the risks involved.  The Resort Group is a high-risk, unregulated investment focussing on hotels in Cape Verde.

Paperwork may have referenced Sequence Cash & Investment Management service, setting up discretionary investment accounts with Parmenion to hold the remaining cash balance of any pension transferred into the SSAS.

However, the company was aware from the outset that the whole purpose of the SSAS would be holding high risk and unregulated investments.We believe you may have received unsuitable advice to transfer your pension, as the firm failed to ensure that their clients would understand the cost of running those SSAS’s, filing company accounts and the risks involved with the investment.

If you have had any dealings with this firm, you may have lost money.  Remember that on the face of it you may think that you have not lost any money, but you should still review matters to make sure.  We have the expertise to calculate any loss that you may have incurred.

SFM also advised clients to invest in a number of products within their Greyfriars SIPP.  These included Elysian Fuels, Alpha Business Centre, Dubai Car Parks, P6, Borgo Ala Vigna.