Wednesday, October 22, 2008

UK wealth management firm goes bankrupt

Careful with your money, please. This theme has been covered in my blog many times. Avoid brokers who trade for themselves, indulge in a host of other activities beyond broking. Stay with the boutique broker - the broker who knows you and you have his cell number. In any case, do not give any money to anyone for investing, 'wealth management' or whatever.(this is common sense but so many break this simple rule).

Read the bankruptcy here

This is what the web site says:

Please be advised that Blair Nimmo of KPMG LLP was appointed Provisional Liquidator of Echelon Wealth Management Limited on 17 October 2008.
The company has ceased to trade.
The Provisional Liquidator will be in contact shortly with all known creditors and in the mean time would ask that all correspondence be sent to:
Saltire Court, 20 Castle Terrace, Edinburgh, EH1 2EG.

1 comment:

Deepak said...

Plz sir, has the divergence you referred to in your earlier blog still maintained(even after the today's fall) or the technical pattern has broken.