• Free Initial Assessment: No-Obligation Chat

Greyfriars Asset Management And Portfolio Six Guide

Get a call back

We’ll have a specialist call you back for a no obligation chat about your financial claim

This field is for validation purposes and should be left unchanged.
Elder

Greyfriars Asset Management LLP have now closed their investment portfolio management business, long after first being asked by the FCA (and agreed to) not put any more new money into any of its DFM Portfolios, particularly Portfolio Six on a permanent basis.

It’s bound to raise questions from people who invested with Greyfriars Asset Management, particular in Portfolio Six, so here’s a few answers.

If you’ve invested either through Greyfriars or on their advice, you can have your pensions and investments checked for mis-selling claims by our specialist team here at Spencer Churchill Claims Advice.

You may have a mis-sold SIPP claim worth £thousands!

Can I Make A Greyfriars Asset Management Claim?

When working as a DFM provider, Pension Provider or a financial adviser, Greyfriars had responsibilities to their clients and a duty to follow the FCA’s rules and procedures when dealing with pensions.

If you:

  • Transferred your pension to a SIPP
  • Invested via Greyfriars in any high-risk investments or on their advice
  • Aren’t earning over £100k per year
  • Aren’t a Sophisticated Investor

Then you may have been mis-sold, and you could be able to make a claim for negligent pension advice.

Request A Free Call-Back

Fill in your details below to have a no obligation chat about your situation

This field is for validation purposes and should be left unchanged.
No Upfront Fees

Let’s Rewrite Your Financial Story

We are here to rewrite the book for you. 
And luckily we are pretty damn good at creating happy endings.

Money Hands

We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.

Communication

When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.

Performance

We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.

Pacific IFA

What Was Wrong With Greyfriars Portfolio Six?

Portfolio 6 (a collection of investment bonds created by Greyfriars) got special attention from the watchdogs at the FCA, possibly because it featured a lot of high-risk investments and may have been marketed to people who aren’t suitable for such risk when it comes to their SIPP pensions.

We know that in November 2016, the portfolio included some of these high-risk investments and mini-bonds, containing £40m and with 1000 investors.
The Resort Group: The focal point of a BBC Panorama documentary about #RipOffPensions. It is a high-risk and FCA-unregulated overseas property investment.

Lanner Car Park: Another high-risk and unregulated investment, this time involving car parking spaces.

The Olmsted Series: Again, high-risk and unregulated. This one is a real estate investment in the USA.

At least 3 high-risk investments. Did you want to take risks with your pension?

Speak to a claims handler for a free, no-obligation initial assessment to see if you can make a claim over Greyfriars.

Greyfriars Asset Management Timeline Of Events

  • Greyfriars Asset Management Created

    2003

    14 May 2003 saw the creation of Greyfriars Asset Management Limited Liability Partnership, registered in Leicester.

  • Portfolio Six Revealed

    2016

    Due to investigative work done by Citywire, it was revealed that the portfolio had at least 3 high-risk investments inside, including two high-risk overseas property investment, and one car parking investments; generally non-standard and illquid underlying investments.

  • Investments Valued At £1

    2016

    In July 2016, the Financial Ombudsman Service published a case upheld against AM Wealth Management – a financial adviser firm that advised their client, “Mr G” to invest in Harlequin Properties…
    Mr G transferred his pension into a SIPP: Self-Invested Personal Pension in order to invest £48,000 into Harlequin Properties through AM Wealth Management after receiving a cold-call from a marketing firm.

    The FOS said that Mr G seemed to have no investment experience, and had “limited capacity for loss” – meaning that he didn’t have the cash to be running the risk of a high-risk and unregulated investment like Harlequin.

    As part of the Ombudsman Decision, a value of £1 was accepted for Mr G’s investment, previously purchased at £48,000.

    Mr G went on to win a claim against AM Wealth Management.

  • Closure Of Greyfriars DFM

    2018

    In June 2018, Greyfriars closed their DFM branch (the part of the business that creates and manages investment portfolios). Some accounts moved to Seven Investment Management and LGT Vestra.

  • Administration

    2018

    In October 2018, Greyfriars Asset Management entered into Administration, after a sell-off of some parts of the business.

  • FSCS Claims For Greyfriars Asset Management

    2019

    The FSCS announced they would undertake investigating claims against Greyfriars Asset Management from Feb 2019 onwards.

Greyfriars Asset Management Administration

Greyfriars Asset Management LLP entered into Administration (a type of insolvency proceeding) back in October 2018, with Adam Stephens and Henry Shinners of Smith & Williamson as joint administrators.

Prior to the administration, the firm sold-off its advice business to another company: Insight Financial advisers, and the administators sold their SIPP Provider company to Hartley Pensions.

Published in Jan 2019, the Administrator’s Proposal said:

‘Since late 2016, the LLP  [Greyfriars] has been subject to a Voluntary Requirement in respect of the Financial Conduct Authority, and which restricted certain business operations of the LLP, leading to the partners seeking a sale of the business.’

‘The LLP’s partners were aware of a contingent liability, which had the potential to reach several million pounds, if crystallised, which created a solvency issue for the LLP going forward.’

In short, because of the FCA voluntary restrictions on bringing in new business due to concerns, the company was losing money, and a sale was sought.

Greyfriars Asset Management FAQ’s

How Do I Know If I Have A Greyfriar's Claim?

Discovering whether you have a claim relating to Greyfriars Asset Management could be the key to claiming back thousands.

If you dealt with Greyfriars about pensions or investments for any reason since 2003, our claims handlers are more than happy to chat, especially if:

  • You transferred to a SIPP with Greyfriars
  • You invested in Portfolio Six
  • You took investment advice from Greyfriars

Was Portfolio 6 Bad?

If you had a SIPP with Greyfriars, then it could be that yours was bought by Hartley Pensions.

Hopefully, it was one that didn’t feature any investments that were unsuitable for you.

If you want to check, just call us up on 01204 929929 for a free, no-obligation chat with one of our claims specialists.

I Had A Greyfriar's SIPP. What Do I Do?

If you had a SIPP with Greyfriars, then it could be that yours was bought by Hartley Pensions.

Hopefully, it was one that didn’t feature any investments that were unsuitable for you.

If you want to check, just call us up on 01204 929929 for a free, no-obligation chat with one of our claims specialists.

Somebody Else Advised Me To Invest In A Greyfriars SIPP

That kind of stuff happens a lot. Some advisers recommended Greyfriars as a SIPP provider, and it could be that you have a claim against them rather than Greyfriars itself!

Do you know how people complained about mis-sold investments and pensions in the last year?

A lot. Over twenty thousand complaints were made about mis-sold pensions and investments in 2020/21, a figure which had doubled since the year before.. It’s no secret how serious this problem is, and it just seems to keep getting worse.

People receive poor financial advice every day. Sometimes they don’t even realise that they’re owed whopping amounts of compensation.
Free Initial Assessment: No-Obligation Chat

Have You Been A Victim Of Financial Mis-Selling?

Answer a few questions and find out if you have good grounds to make a financial compensation claim:

Step 1 of 6

Were you told to invest all, or most, of your savings into a single product?

Reaching out for help is never easy,
especially if you’ve been misled in the past.

But getting in touch with us won’t commit you to anything. We want to toss you a lifeboat and guide you through the choppy waters of the financial ocean, not leave you struggling to stay afloat. Our experts are here to offer advice and support on financial claims. We know what we’re doing and you can trust that if you’ve got questions, we’ve got answers.

Trust Pilot 5 Stars

Spencer Churchill Claims Advice featured on:

  • The Herald
  • Southern Daily Echo
  • Manchester Evening News
GCA Team People
Regulated Solicitors Regulation Authority

Spencer Churchill Claims Advice Will:

  • Speak to you in plain English
  • Provide you with a dedicated claims specialist
  • Pay attention to the small details of your case
  • Keep you up to date with the status of your claim
  • Make sure you understand our charges
  • Do absolutely everything we can to win your claim

Speak to an expert today

We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat. 

Call: 01204929929

Office Hours:

Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed

This field is for validation purposes and should be left unchanged.