Lord Financial, Anyone heard of them?

Lord Financial, Anyone heard of them?

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stuno1

Original Poster:

1,318 posts

196 months

Wednesday 12th November 2014
quotequote all
I keep getting called by this company and being asked to attend a meeting. I have clearly stated if it turns in to a high pressure sales pitch i won’t be hanging around.

They seem to be a financial advise company covering investment, mortgages, pensions etc.

Don’t want to water my time going there if they are just going to waste my time. Google doesn’t reveal much.


Stu

stuno1

Original Poster:

1,318 posts

196 months

Wednesday 12th November 2014
quotequote all
Simpo Two said:
If they were any good they wouldn't need to cold call. But according to this they've been going at least 13 years: https://www.linkedin.com/pub/mark-holman/15/742/11...
Pretty much what i was thinking but all sales firms of a young age i assume need to build a client base and sales callas is a way of doing it? Cant hurt to go along and see what happens I guess.

Cheers for the link.

Stu

stuno1

Original Poster:

1,318 posts

196 months

Wednesday 12th November 2014
quotequote all
K12beano said:
A search of the FCA register ( fca.org.uk) will tell you about firm, dates (and therefore history), individuals and anything you need to know about any disciplinary action

If it's a firm in Gresham Street, they've only been in their current legal/authorised form since 2013.
It is, interesting. Ill have a look. Thanks.

Stu

stuno1

Original Poster:

1,318 posts

196 months

Wednesday 12th November 2014
quotequote all
So they have been operating for 13 years but only registered with FCA for a year? Is it possible to register the same firm with a different ref to wipe clean any previous complaints etc?

Surfice to say i wont be going to the meeting.

Stu

stuno1

Original Poster:

1,318 posts

196 months

Thursday 13th November 2014
quotequote all
walm said:
I think the linkedin profile is misleading.
The firm has clearly been going since April 2013.

However, that chap on linkedin has most likely been an IFA since 2001.

Nevertheless check out Oliver Charles Cox.
He appears to be the most in charge as a director and compliance etc...
A very quick google says that he founded a bunch of Heating Companies which have subsequently ceased trading.
Although that may have been a side-business.

He claims on Linkedin to have been an IFA since 2001 too but at a place called MBC IFM Ltd aka MBC Consulting.
It looks like a whole bunch of LORD employees were previously at MBC IFM.

MBC IFM ceased to be FCA/FSA regulated in 2009.

Although perhaps it is connected to Equus IFM aka Fairstone Financial Management since that is the website listed for Lord on Linkedin.

So there is certainly an open question about WTF these guys have all been up to 2009-2013.

Whatever - they are a bunch of IFAs.
Do you need one?
Are they expensive? (answer: most likely yes).
Do they offer expertise in the area you need?
What is the right way to choose an IFA for you? - probably not sitting by the phone waiting for a random one to call you...

Just my 2p.
Good digging that man! I have already declined to meet them based on my research alone. Your research backs up my decision.

Stuart