Allocate Wealth Management LTD

Reference number: 926643

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Appointed representative

This firm does not hold FCA authorisation of its own. It acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

M&G ADVICE PARTNERS LIMITED Reference number: 584256 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Allocate Wealth Management LTD (FRN 926643) is an AR of M&G ADVICE PARTNERS LIMITED (FRN 584256). When you use Allocate Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Allocate Wealth Management, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Company details

From the company's Companies House record.

Company number
SC660558
Company status
Active
Company type
Private limited company
Incorporated
5 May 2020 (6 years old)
Registered office
3 Easterton Buildings Greenbank Road, Glenfarg, Perth, PH2 9NW, Scotland
Nature of business
  • Financial management (SIC 70221)

Current directors and secretaries

Name Role Born Appointed
Fraser Martin Director Sep 1996 17 Nov 2023
Amy Elen Gornall Director Sep 1996 31 Dec 2024
Amy Elen Gornall Secretary Not published 7 Jan 2025

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Protection through the principal firm
    Protection works through M&G ADVICE PARTNERS LIMITED, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

Previously registered as

The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Allocate Wealth Management

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Common questions

Frequently asked questions

Is Allocate Wealth Management LTD FCA authorised?
Allocate Wealth Management LTD (FRN 926643) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Allocate Wealth Management?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Allocate Wealth Management LTD (FRN 926643) is an AR of M&G ADVICE PARTNERS LIMITED (FRN 584256). When you use Allocate Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Allocate Wealth Management, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
Is my money safe with Allocate Wealth Management?
Protection works through M&G ADVICE PARTNERS LIMITED, the principal firm responsible for Allocate Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Allocate Wealth Management a scam or clone?
Allocate Wealth Management is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Allocate Wealth Management's Firm Reference Number (FRN)?
Allocate Wealth Management's FRN is 926643. You can verify it on the FCA register.