Financial Services Compensation Scheme  

Clients of SVS Securities to reclaim cost of transfer

In the financial year 2017-18 the wealth manager turned over £41.3m, generated net profits of £247,000 and when it entered into special administration earlier this year owed £650,000 to HM Revenue & Customs. 

Leonard Curtis said it had so far received more than 2,000 calls and 2,000 emails from clients of SVS to its designated contact team. 

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Leonard Curtis said they had been in daily contact with FCA when originally appointed as administrators, and now held weekly calls in addition to face-to-face meetings to keep the regulator informed of the process. 

An "initial meeting" with clients is scheduled for October 10, 2019. 

rachel.mortimer@ft.com 

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