Paramount Wealth Management Limited

Reference number: 1021390

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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

ValidPath Limited Reference number: 197107 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.
  • Paramount Wealth Management Limited (FRN 1021390) is an AR of ValidPath Limited (FRN 197107). When you use Paramount Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Paramount 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.

Also trades as
  • Paramount Wealth

Company details

From the company's Companies House record.

Company number
SC821317
Company status
Active
Company type
Private limited company
Incorporated
2 September 2024 (1 year old)
Registered office
Oakfield House 378 Brandon Street, Motherwell, ML1 1XA, Scotland
Nature of business
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)
  • Other activities auxiliary to insurance and pension funding (SIC 66290)
  • Financial management (SIC 70221)

Current directors and secretaries

Name Role Born Appointed
Keith Edward Brooks Director Oct 1987 2 Sep 2024

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 ValidPath 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.

  • Paramount Wealth Management Limted

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Common questions

Frequently asked questions

Is Paramount Wealth Management Limited FCA authorised?
Paramount Wealth Management Limited (FRN 1021390) 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 Paramount 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. Paramount Wealth Management Limited (FRN 1021390) is an AR of ValidPath Limited (FRN 197107). When you use Paramount Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Paramount 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 Paramount Wealth Management?
Protection works through ValidPath Limited, the principal firm responsible for Paramount Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Paramount Wealth Management a scam or clone?
Paramount 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 Paramount Wealth Management's Firm Reference Number (FRN)?
Paramount Wealth Management's FRN is 1021390. You can verify it on the FCA register.