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Organic Investment Management is a financial services firm that is currently in Administration (a type of insolvency proceeding), after the regulator told Organic it could no longer carry out regulated activity.
Financial advice and investment firms that are regulated by the FCA have strict rules to follow to protect investors, and if the FCA has concerns over a company’s actions it can revoke the authorisation to perform regulated activities temporarily, permanently or even fine the firm.
The FCA took action against Organic Investment Management back in December 2018, and the firm fell into administration shortly afterwards, but why?Get started now
The FCA reportedly acted by restricting Organic Investment Management’s permissions because it had concerns over ‘Potentially high-risk investments’ which are often connected to SIPPs.
SIPP pensions offer more flexibility in terms of what investments can be made, but this can sometimes mean investors take on high-risk investments they are not suitable for because of unsuitable advice from a financial adviser or because of the actions of a DFM (Discretionary Fund Manager).
Organic Investment Management was DFM, which meant it created and managed DFM portfolios – collections of investment bonds – for clients to invest in, sometimes through SIPPs.
An FCA notice said that Organic managed approximately £70m worth of SIPP investments split through 5 portfolios.
2 of these funds were suspended because certain assets could not be accurately valued:
According to CityWire’s New Model Adviser the FCA issued numerous warnings over inadequate compliance to Organic Investment Management, as they felt Organic ‘risked causing consumer detriment’ because of the model portfolios high-risk elements despite the unsuitability of the clients.
If you invested through Organic Investment Management through a SIPP pension, you may be able to make a claim!
If you invested through Organic Investment Management, you may be able to claim
Several financial advisers and the FSCS have been paying out compensation for having mis-sold SIPPs and DFM portfolios for a few years.
Then you may have been mis-sold, and you could be able to make a claim for negligent SIPP advice.Speak with an expert
In April 2018 the FCA acted and placed a Section 166 Skilled person Review on Organic, which means that a skilled and qualified person not related to the firm must come in to review their practices.
By December 2018, Organic Investment Management was in Administration.
It appears that if you dealt with Organic Investment Management as part of a DFM or SIPP portfolio, then you may have been mis-sold. Find out if you can claim for compensation by speaking with one of our experience case assessors for a FREE initial assessment.
Find out now with a free call back from one of our specialists
Click the button below to see an example of a Get Claims Advice claim over a mis-sold SIPP pensionSee example claim