Seven advice firms declared in default by FSCS in February

The Financial Services Compensation Scheme (FSCS) declared seven financial advice firms in default in February 2020.  The lifeboat fund named Hampton-based NJ Associates and Wimbledon-based Hector McLean Financial Consultants in default, as well as Nottingham-based Intuitive Financial Associates. Milton Keynes-based Totus Capital Limited, which formerly traded as STG Financial Services and Totus Wealth Matters, were also declared as failed. In the north east, Humberside-based Asset Independent Financial Advisors, formerly Asset Independent Mortgages as well as WJR Wealth Management...