Drake Wealth Management Ltd

Reference number: 586898

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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

2 Plan Wealth Management Limited Reference number: 461598 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.
  • Drake Wealth Management Ltd (FRN 586898) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Drake Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Drake 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.

  • No website on the FCA register

  • Verified phone number

    0113 322 6462

  • Verified address

    Drake Wealth Management Ltd, Richmond House, Lawnswood Business Park, Redvers Close, Leeds, West Yorkshire, LS16 6QY, United Kingdom

Company details

From the company's Companies House record.

Company number
11196498
Company status
Active
Company type
Private limited company
Incorporated
9 February 2018 (8 years old)
Registered office
Richmond House Lawnswood Business Park, Redvers Close, Leeds, West Yorkshire, LS16 6QY, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Adam Christian Drake Director Mar 1974 9 Feb 2018

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 2 Plan Wealth Management 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.

  • Adam Drake

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Common questions

Frequently asked questions

Is Drake Wealth Management Ltd FCA authorised?
Drake Wealth Management Ltd (FRN 586898) 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 Drake 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. Drake Wealth Management Ltd (FRN 586898) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Drake Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Drake 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 Drake Wealth Management?
Protection works through 2 Plan Wealth Management Limited, the principal firm responsible for Drake Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Drake Wealth Management a scam or clone?
Drake 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 Drake Wealth Management's Firm Reference Number (FRN)?
Drake Wealth Management's FRN is 586898. You can verify it on the FCA register.