An adviser has finally secured the return of £190,000 to his clients after a two year battle over unsuitable advice with one of the world's largest IFAs.
Victor Sacks (pictured), IFA at Peterborough-based Ringrose Grimsley, helped the couple through the Financial Ombudsman (FOS) process after he took them on as clients in 2013 and realised they had been mis-sold a variety of high risk investments by deVere UK. But despite the FOS finding against deVere in July last year and ordering it to pay the couple the maximum redress of £150,000, the advice group has only settled with the couple this month. deVere "dragged its heels every step of the way", said Sacks. The global advice firm said it "regrets" the advice given was "not fully sui...
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