FCA: First Supervisory Notice: Advantage Wealth Management Ltd

FCA has now published a December 2025 Notice in which it imposed restrictions on the IFA, by which it cannot dispose of any assets or conduct any regulated activities without FCA’s written consent.  FCA notes its concerns about the circumstances in which several customers had their investments moved into cash holdings.  FCA states that it is not satisfied that the firm has or will have appropriate financial resources and also notes that the firm had not been cooperative and open.