Optimise Wealth Management provided their clients with personalized financial solutions and advice to help them at every stage of their lives. Their financial services and solutions covered everything from financial planning and portfolio management to tax preparation, insurance solutions, debt management, and will preparation.
Ever since Optimise applied to cancel its FCA authorisation on 1/3/2021 we have been keeping a keen eye out for them as we believe they been involved in providing negligent financial advice to hundreds of its customers.
The advice has come mainly in the form of Optimise advising clients’ many of whom are high net worth individuals living overseas to transfer their occupational pension schemes to more high risk investments through a Self-Invested Personal Pension (SIPP).
The written advice of Optimise was necessary for the occupational pension scheme to be able to transfer the funds to the new SIPP. Once the new SIPP was set up those funds were transferred to the SIPP and investments were made.
Optimise’s Website is now permanently closed so the writing is on the wall for Optimise to cease trading shortly, leaving hundreds of clients suffering a major life changing financial loss.
Optimise was only regulated by the FCA for a very short time from February 2019 and then interestingly applied to cancel their regulatory status in January 2021. But during that time they transferred a large number of clients’ final salary (or defined benefit) pensions which defies all financial logic.