Shah Wealth Management
If you were offered advice from Shah Wealth Management and decided to transfer your pension funds or your savings as a result of that advice, you may well have been a victim of an extremely unsavoury process. Shah Wealth Management, along withand Cherish Protect, have been involved in a number of schemes which have rightly fallen foul of the financial authorities.
Based in Solihull in the West Midlands, both Shah and Cherish offered advice and encouragement to potential investors. The schemes they pushed were generally unregulated, high risk and totally inappropriate for people who had little or no knowledge or experience of such matters. These schemes should really only have been recommended to sophisticated investors who had a large net worth.
If you were a victim, some or all of these names may be familiar to you:
Many of those who were persuaded to invest were cold-called by slick sales professionals who sounded convincing and trustworthy. They had all the answers, they often promised so-called guaranteed returns and they provided plenty of glossy marketing materials. It all sounded like an easy and stress-free way to add value to the pension pot and make those retirement years all the more comfortable.
How wrong that turned out to be. A great many people, honest men and women who have worked hard all their lives, lost almost everything in these schemes. The returns failed to materialise, and in a number of cases the schemes themselves went bust. The Serious Fraud Office even became involved. All in all, it has proved to be an expensive lesson for so many innocent victims.