Wealth manager collapses after UK regulator probe

Pedro Gonçalves
clock • 1 min read

UK wealth manager Dolfin Financial has entered special administration, after the Financial Conduct Authority (FCA) placed restrictions on its activities. Smith & Williamson was appointed as special administrator for Dolfin Financial, following previous FCA restrictions imposed on the firm. At the time of its collapse, Dolfin had £120m of client money and £1.3bn of custody assets on its books. It provided investment management, investment advisory, execution-only and custody services to a range of clients. On 12 March 2021 the FCA imposed restrictions on Dolfin's ability to conduct ...

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