The Financial Conduct Authority (FCA) has confirmed that Facet Investment Management Limited has entered administration following the decision of the firm’s director. Ian Lawrence Goodhew and Abigail Shearing from Voscap Ltd have been appointed as Joint Administrators to oversee the process.
Facet Investment Management, a prominent player in the wealth management sector, provides discretionary investment management services. The company is also with Berkeley Financial Partners, who operate as an appointed representative of Facet. Both Facet and Berkeley are in ownership by the non-regulated entity Brook Capital Ltd.
As part of the administration process, Voscap Ltd will be reaching out to Facet’s customers within eight weeks of their appointment. This communication will include important information about the return on investments and instructions on how to file complaints if needed.
FCA Announces Administration of Facet Investment Management
For those affected, further details are available through Facet’s official website here. Customers can also contact the client helpline at 0207 769 6831 or email Facet@voscap.co.uk for additional support.
The Financial Services Compensation Scheme (FSCS) will be working closely with Voscap to determine the extent of customer coverage and will provide updates as the situation develops. The FSCS plays a critical role in protecting investors by compensating them in cases where firms fail and cannot meet their obligations.
The administration of Facet Investment Management is a significant development in the financial services sector, and affected individuals have to stay informed through the provided channels to understand how this may impact their investments.
As Voscap Ltd steps in as Joint Administrators, affected customers will receive guidance on their investments and options for filing complaints within the coming weeks. The Financial Services Compensation Scheme (FSCS) is also in assessing coverage and providing necessary updates. It is crucial for clients to stay informed through the official communication channels to navigate this situation effectively and understand their rights and available support during this transitional period.
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