Discover and read the best of Twitter Threads about #StJamesPlace

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“The sickening day I lost £125k - Britain’s biggest advice firm (#StJamesPlace) is investigating claims that a 64-year-old investor was misled” In an all too familiar toxic mix of the @TheFCA’s men/women + high upfront commission/fee high risk products … ImageImage
2/ - with a twist: the acquisition **in mid 2014** of FCA IFA Gilruth independent advisors ltd “Gilruth” (renamed after acquisition to Regentia lifestyle planning ltd “Regentia”) by the owner of another FCA IFA (Regency Wealth Ltd “Regency” - an A.R. of St James Place).
3/ Regency was reportedly limited to hawking only St James Place products, but it’s new sibling Regentia reportedly could also hawk anything it wanted to. The client, a 64 yr old mother & widower thought she was dealing with her Regency IFA she had dealt with for many years.
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