The move opens the door to clients of the firms claiming compensation from the FSCS.
Essex-based financial advisory firm IFA Home Counties Ltd failed on 17 May. The firm was founded in September 2008 by Laurence Gould.
Birmingham-based Knight Wealth Management Services failed on 07 May. The firm was founded in February 2004 by financial adviser Barry Knight.
The FSCS s the UK’s statutory compensation scheme for customers of regulated financial services firms. It was founded in 2001 and has helped over 5.5m people claim compensation so far.
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