The FSA has fined Charterhouse Consulting Wealth Management Limited £122,500 for carrying out discre...
The FSA has fined Charterhouse Consulting Wealth Management Limited £122,500 for carrying out discretionary portfolio management without permission, and for various conduct of business failings. According to the FSA, Charterhouse regularly switched a number of clients between funds although the firm did not have permission to operate in this way. The company also failed to record sufficient client information to demonstrate the suitability of its advice, failed to ensure transactions were appropriate for its customers attitude to risk and failed to communicate with its clients in a clea...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
