Studio 61 Wealth Management has a significant Professional Indemnity insurance policy. The Financial Conduct Authority requires all firms providing regulated financial advice to have insurance in place to protect clients.
The purpose of the policy is to cover claims from clients if Studio 61 Wealth Management Ltd has provided poor advice.
The main elements of the policy are:
- Maximum cover for any individual claim £2,000,000
- Maximum cover for all claims in any one year £2,000,000
- Underwritten by omnyy LLP underwriting on behalf of: Liberty Mutual Insurance Europe SE 100%
- Covers the claimant in the event of negligence or fraud by Studio61 Wealth Management Ltd
- Covers awards made by the Financial Ombudsman Service up to a maximum of £160,000
- Covers losses related to loss of documents – this is particularly relevant when considering the handling of paper securities.
Our current policy is underwritten by Omnyy LLP. Omnyy LLP is a limited liability partnership registered in England & Wales at the St Botolph Building, 138 Houndsditch, London, EC3A 7AG. Company number: OC359366. Authorised and regulated by the Financial Conduct Authority..
The details of this policy can be seen in linked documents below.
Our certificate of Insurance includes cover for our Regulated Appointed Representative PensionExpert4U Ltd.