Leicester-based Trust Financial Planning (FRN: 407457) has entered liquidation after being subject to voluntary restrictions from the FCA earlier this year.

The director of the firm, which focused on 'a Christian vision' of financial advice, chose to put them firm into creditors’ voluntary liquidation after taken advice about its financial position.

The firm became subject to voluntary requirements, including stopping all regulated activity, on 19 March.

It agreed to the requirements following an investigation from the FCA which considered it was failing to meet the regulator’s threshold conditions.

The threshold conditions represent the minimum standards that firms need to satisfy to carry out regulated activities in the UK.

Trust Financial Planning’s creditors and shareholders appointed Paul Stanley and Dean Watson of Begbies Traynor as joint liquidators on 7 August. They will wind up the company and its affairs.

The firm described itself as a holistic Financial Planning firm with a focus on responsible engagement, 'implementing a Christian vision' of financial advice.

Trust Financial Planning has not had permission to conduct investment activity since 1 March 2021. Since that time, it has only had permissions to conduct insurance, mortgage and credit broking activities.

Trust Financial Planning was founded in December 2001 by Daniel Gerald Scott Brittenden. The firm was an appointed representative of Grosvenor (FP) Limited between 2001 and 2004.

Investors in the firm held what Mr Brittenden called 'Trust Bonds'. The FCA has urged those who believe they are owed money by the firm under these trust bond arrangements to contact the liquidators.

Mr Brittenden began his financial services career as a trainee financial consultant in 1996.