The Financial Conduct Authority has published a notice that LCM Family Limited entered administration on 28 April 2026, with Louise Longley and Gary Shankland of BTG Begbies Traynor (Central) LLP appointed as joint administrators. LCM, formerly known as LCM Wealth Management Limited, is authorised by the FCA to provide financial advice and related investment services and is also regulated by the Solicitors Regulation Authority for legal services. The FCA said it will continue to supervise the firm and work closely with the joint administrators, who are responsible for managing its affairs during the administration process. The notice also states that LCM agreed a voluntary requirement with the FCA on 14 April 2026 restricting the activities it can undertake. Customer information published alongside the update covers what current and former customers should do if they are concerned about their investments, how complaints will be handled, whether the Financial Services Compensation Scheme may cover losses, and warnings about fraudsters claiming to act on behalf of the firm or the joint administrators.
Financial Conduct Authority 2026-04-29
United Kingdom Financial Conduct Authority says LCM Family Limited has entered administration after agreeing activity restrictions
The Financial Conduct Authority has announced that LCM Family Limited, formerly LCM Wealth Management Limited, entered administration on 28 April 2026, with joint administrators from BTG Begbies Traynor (Central) LLP. The firm, authorised by the FCA for financial advice and investment services and regulated by the Solicitors Regulation Authority for legal services, had agreed a voluntary restriction on its activities on 14 April 2026. The FCA will continue to supervise the firm and has published customer information on complaints, potential Financial Services Compensation Scheme coverage and fraud risks.