British wealth manangement firm St James's Place (SJP) has refused to pay compensation following an adviser's recommendations left clients with £1.35m of losses, according to reports. According to the report in the Sunday Times, around 17 clients were pursuaded by Philip Cox to invest in a company called Green World Innovations. The ESG start-up was founded by Cox's school friend and went into administration earlier this year. SJP is refusing to pay any compensation, according to the report. The company insists that, because the investments in Green World were not approved by SJP, it ...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
