If you have been following Pension Life´s blogs you will know that we have been conducting a series of investigations into qualified and registered financial advisers in various firms. Today, Forth Capital – qualified & registered?
Advisers and their clients are invited to add to it, correct it, improve it. Here’s the links to the three registers if you want to double check:
https://www.libf.ac.uk/members-and-alumni/sps-and-cpd-register – DipFA
Please note that this data is correct of 9 a.m. 04/07/2018
What we know about Forth Capital:
Forth Capital have their headquarters in Dubai.
Forth Capital also state that they have personnel located in offices in Hong Kong, Dubai, Sydney, New York and London.
Forth Capital claim their presence in these locations enables them to provide a global reach with a local presence for expats worldwide. In our previous blog ‘10 essential questions for an IFA‘, question one explains that the adviser and/or his firm must be licensed to provide advice to you in the jurisdiction where you – the client – live. This statement made by Forth Capital implies they are licensed to provide advice in all jurisdictions throughout the world. We doubt that is true and people should check carefully that any firm is regulated in the country where the client lives.
Forth Capital claim their experts are fully trained, providing top tier professional, transparent, financial advice to expatriates. Pension Life’s Forth Capital – qualified & registered? stats beg to differ on this.
Welcome to Forth Capital – qualified & registered? Team list:
Alan Turner – Business Development Director – Claims DipFA but NOT on the LIBF members list
Geneva, Switzerland advisory team
Richard Beresford – Claims FPC 1-3 (level 4 needed for pensions ) – does NOT appear on any register
Dean Elliott – Claims a host of qualifications – does NOT appear on any of the three registers
John Fitzgerald – Senior Consultant – profile states he is a qualified financial adviser – He is a registered member of CII listed France International. Well done John, 100% qualified & registered!
Audrey Flynn – Senior Consultant – Claims membership to CII and CISI – CII registered for Switzerland International, CISI registered for ACSI. Well done Audrey, 100% qualified & registered!
Robert Harris – Partner and Head of Geneva – Claims CII and CISI – CII membership listed for France International and CISI – FCSI UK. (a Robert Harris also appears on LIBF too!) Well done Robert, 100% qualified and registered!
Richard Heath – Senior Consultant – Profile page doesn’t work – he DOES NOT appear on any of the registers.
Frank Hennessy – Senior Consultant – his profile page doesn’t work – he IS listed as a member of the CII for France International. Well done Frank, 100% qualified & registered!
Leo Milton – Business Development Coordinator – claims CISI – NOT on the register
Bill Morrison – Chief Commercial Officer – states he is CIM which is marketing not finance – therefore no qualifications for financial advice. As he does not claim any qualifications or claim to give advice on pensions in his profile, he won’t be included in the count.
Tom Tracy – CEO and Founder – Claims CII and CISI – does NOT appear on either register
Hong Kong Office
Dr Graham Brown – Claims UK level 4 Diploma in Regulated Financial Planning and registration with the Hong Kong Confederation of Insurance brokers. DOES NOT APPEAR ON ANY OF THE THREE UK REGISTERS. Insurance brokerage DOES NOT give you qualified status to advise on pensions, yet he states he offers QROPS and UK pension asset transfer advice and management. 100% unqualified/unregistered!
Gerry Campbell – Senior Consultant – Claims CII and CISI international – does NOT appear on either register.
Mark Plummer – Regional Branch Manager – Claims UK FPC level 1-3 and advanced FPC1 – (you need Level 4 to advise on pensions) Is CII member for Hong Kong International but only has a level 3 so not qualified for pensions advice. His profile states he manages QROPS, pensions and retirement planning – but he is not showing any evidence that he is qualified to do so.
Forth Capital – qualified & registered? Score 4/13 – 30%