Magnum Financial Solutions Ltd
Reference number: 543028
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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 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.
- Magnum Financial Solutions Ltd (FRN 543028) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Magnum Financial Solutions's services, the FCA authorisation sits with the principal firm.
- Example: if you take financial advice from Magnum Financial Solutions, 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.
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No website on the FCA register
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Verified phone number
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Verified address
Business First Centre, Empire Way, Burnley, Lancashire, BB12 6HA, United Kingdom
Company details
From the company's Companies House record.
- Company number
- 07553873
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 7 March 2011 (15 years old)
- Registered office
- Office 112a Business First Centre, Empire Way, Burnley, Lancashire, BB12 6HA, England
- Nature of business
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- Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Mark Damien Mcelhone | Director | Jan 1980 | 7 Mar 2011 |
| Cathy Mcelhone | Secretary | Not published | 8 Mar 2012 |
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
Fake phone numbers (1)
- +4420863810811
Fake email addresses (3)
- info@fin-magnum.com
- servizio.clienti@fin-magnum.com
- support@fin-magnum.com
Fake websites (3)
- account.fin-magnum.com
- fin-magnum.com
- traderweb-pro.com
The FCA warning these came from
- Financial Magnum / fin-magnum.com 15 May 2024
Scammers change these details often. Always check the live FCA warning.
Activities and protection
What they can do, and how you are protected
- Protection through the principal firmProtection 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.
The clone warnings above are scammers using this firm's name, not something the firm has done.
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