Quilter Wealth Management Compensation Claims
Make a claim against Quilter with AMK Legal
Quilter commits to fostering prosperity through long-term, advice-based relationships. To this end, it charges an annual fee based on client fund values. This fee presupposes an annual review of each client’s personal and financial circumstances to ensure the continued suitability of its products. If such reviews are not conducted annually, you may be entitled to a refund of the fees charged.
If you have not received an annual face-to-face review over the last ten years, contact us to discuss potential refunds and explore your options.
Are you eligible for the Quilter Compensation Claim?
Here are the criteria if you want to pursue a compensation claim against Quilter Wealth Management:
- Annual Review Requirement: If you’ve been charged an annual fee based on the understanding that you would receive a yearly personal and financial review to ensure the suitability of the products, but have not received the promised face-to-face review, then you could be due a refund worth thousands of pounds.
- Unsuitable Advice: If you’ve lost money, we will explore Quilter’s original advice, including whether your circumstances and attitude to risk were properly considered.
These points outline the potential grounds on which clients of Quilter might be eligible to seek compensation. You could have a valid claim if any of these situations apply to you. Don’t hesitate to contact us today!
Things to consider before submitting a Quilter claim
The considerations listed below help ensure you’re well-prepared to initiate the claim process against Quilter Wealth Management. However, it’s important to discuss your specific case with financial compensation claim advisers, such as us, to confirm the viability of your claim.
- Review of Services Provided: Confirm whether you have received Quilter’s promised annual financial reviews. These reviews are crucial as they assess whether the investments and products continue to meet your needs.
- Fee Structure: Understand the fee structure Quilter charged you. It is typically a percentage of the assets under management. Ensure these fees align with the services you received.
- Eligibility for Refunds: If you did not receive the annual reviews as part of the service, you might be eligible for a refund of the fees paid during the years reviews were not conducted.
- Documentation: It’s not essential, but any paperwork you have will help speed up the process. Don’t worry if you don’t have all your details we can still help.
The benefits of working with AMK Legal for your claims
Choosing AMK Legal for your compensation claims against Quilter Wealth Management offers several distinct advantages:
- Expertise in Financial Regulations: Our deep understanding of financial regulations ensures we can effectively navigate complex legal landscapes.
- Specialised Knowledge of Quilter’s Practices: With specific insight into Quilter’s operations, we can pinpoint discrepancies and advocate strongly on your behalf.
- Commitment to Client Education: We believe in keeping you informed throughout the process, ensuring you understand each step and your options.
- No-Win, No-Fee Assurance: You won’t face any upfront costs as our fees are contingent upon successfully recovering your compensation.
- Proven Track Record: Our history of securing favourable client outcomes demonstrates our capability and dedication.
- Personalised Service: Each client receives tailored advice and support, ensuring your unique circumstances are meticulously assessed.
Contact us for more details on claiming against Quilter.
Why Quilter Wealth Management is under a regulatory review
Formerly known as Old Mutual Wealth Management, Quilter is a leading UK Wealth Management service provider controlling assets valued at £102bn for about 500,000 clients.
Quilter Wealth Management is under regulatory review after the Financial Conduct Authority (FCA) identified issues with the firm’s fee structures. This review is part of a more significant effort by the FCA. This recent initiative, involving scrutiny of 20 major financial firms, including Quilter, seeks to correct potentially unfair practices and ensure customers are not overcharged. This action aligns with past regulatory measures aimed at improving consumer protection in financial services.
The FCA’s new Consumer Duty requires higher consumer protection standards and demands that firms like Quilter undertake fair value assessments to demonstrate their commitment to price and value fairness for customers. In response to regulatory pressures and market conditions, Quilter has made strategic adjustments, such as platform upgrades and changes to its adviser school model, rebranding it to an academy to better prepare for future compliance and service demands.
Take the next step in reclaiming your money today
Contact our team of experts to discuss your situation. Call on 01204 565331 or email enquiries@amklegal.co.uk. Let’s take the first step in reclaiming your money.
Alternatively, you can request a callback below, and we’ll respond as soon as possible.
Quilter Compensation Claim FAQs
What is happening with Quilter?
Quilter is currently under scrutiny for its fee structures and the adequacy of its services following a crackdown by the Financial Conduct Authority (FCA) on unfair ongoing charges in the financial services industry. This has led to reviews and possibly compensation claims from clients who may have been affected by these practices.
Is Quilter a UK company?
Yes, Quilter is a wealth management company offering financial planning and investment management services, in the United Kingdom.
Do I need a lawyer to claim compensation from Quilter?
While it’s possible to claim compensation from Quilter without legal help, there are many benefits to hiring a professional legal team like ours, with our considerable experience and expertise in financial claims.
How much will I pay if I make a claim with AMK Legal?
We work on a no-win, no-fee basis, which means that you don’t have to pay any upfront fees. If your claim is successful, our fees, which are set by the Solicitors Regulation Authority, range from 15% to 30% plus VAT, depending on the amount of your refund. Learn more about our fee structure here.
What was they called previously?
Quilter was formerly known as Old Mutual Wealth Management Ltd before it rebranded to Quilter PLC in 2018 to separate from the Old Mutual Group and list independently on the stock market. View the Quilter’s full history here.