Manchester-based financial advice firm LCM Family Limited (FRN: 227651) has entered administration following agreeing to a voluntary requirement with the FCA.
LCM agreed to the voluntary agreement on 14 April.
The firm was formerly known as LCM Wealth Management and SPH 225 Limited.
LCM has been authorised by the FCA since it was founded in 2003.
At the time of entering administration, the firm had six registered individuals including director and company secretary James Litchfield.
LCM operated as a dual-regulated business, being authorised by the FCA to provide both financial advice and investment services, whilst also being regulated by the Solicitor’s Regulation Authority for legal services.
The firm also had passporting authorisation…