WealthTek LLP

Reference number: 832264

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Scammers have impersonated this firm. The FCA has published 1 warning naming the fake phone numbers, emails and websites they used. See the warnings →

Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

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

  • No phone number on the FCA register

  • Verified address

    Shane Crooks, BDO LLP, 55 Baker Street, London, W1U 7EU, United Kingdom

Also trades as
  • Malloch Melville
  • Vertem Asset Management

Company details

From the company's Companies House record.

Concerns on the company record

  • Companies House records this company in administration, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company name
WEALTHTEK LIMITED LIABILITY PARTNERSHIP
Company number
OC355200
Company status
Administration
Company type
Limited liability partnership
Incorporated
24 May 2010 (16 years old)
Registered office
BDO LLP, 5 Temple Square Temple Street, Liverpool, L2 5RH

Current directors and secretaries

Name Role Born Appointed
John Edward Dance LLP designated member Nov 1974 1 Apr 2013
WEALTHTEK CAPITAL LIMITED Corporate LLP designated member Not published 31 Aug 2021

Check on the FCA register → Report a scam →

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)
  • 0191 341 0232
Fake email addresses (1)
  • info@vertemassetmanagement.com
Fake websites (1)
  • vertemassetmanagement.com
The FCA warning these came from

Scammers change these details often. Always check the live FCA warning.

Activities and protection

What the record covers, and how you are protected

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (5 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Dealing in investments as agent
  • Making arrangements with a view to transactions in investments
  • Managing investments

Limits on the record

  • WealthTek LLP must cease carrying on all regulated activities for which it has a Part 4A permission, other than where it has the express written consent of the FCA and must not on-board any new customers - W.E.F 04/04/2023
    Restriction on activities 1. The Firm must immediately cease carrying on all regulated activities for which it has a Part 4A permission, other than where it has the express written consent of the Authority, following the issuance of the First Supervisory Notice. 2. The Firms must not on-board any new customers. Notification requirements 3. The Firm must, within 72 hours of the receipt of the notice, (i) write to all its customers; and (ii) publish in a prominent place on all platforms upon which its customers are placed, informing each of them of the imposition of the Requirements and their effects, in a form and by a method of delivery each to be agreed in advance with the Authority; 4. Once the notifications referred to in sub-paragraph (3) above have been made, within 24 hours, the Firm must provide to the Authority: a. A list of all parties to whom notifications have been sent; and b. Confirmation that, to the best of its knowledge, the Firm has sent the specified notifications (in the form agreed with the Authority) to all relevant parties. Retention and notification requirements 5. The Firm must secure all books and records and preserve all information, including material held via online/cloud-based systems to which the Firm has access, in relation to regulated activities carried on by it. These include but are not limited to all: a. Client lists; b. Communications with clients; and c. Financial records. These books, records and information must be retained in a form and at a location within the UK to be notified to the Authority within 24 hours of the receipt of this notice. The records must be retained in a form and at a location such that they can be provided to the Authority, or to a person named by the Authority, promptly upon its request.
  • This firm may handle your money in passing but must not hold it, so payments should go to the product provider, never to a personal account.

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.

Previously registered as

The FCA register holds 2 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Vertus Asset Management Limited Liability Partnership
  • WealthTek

Names it no longer trades under

This firm has retired one trading name. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.

Show the retired name
  • Vertus Wealth

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Common questions

Frequently asked questions

Is WealthTek LLP FCA authorised?
Yes, WealthTek LLP (FRN 832264) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm.
Is my money safe with WealthTek?
WealthTek is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Is WealthTek a scam or clone?
WealthTek 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 WealthTek's Firm Reference Number (FRN)?
WealthTek's FRN is 832264. You can verify it on the FCA register.