Wealth manager in administration after four year court battle

Now seeking buyer

Full Circle Asset Management has been placed in administration following a four year court battle brought about by a client.

On 19 December three administrators were appointed to the Kent-based business. Full Circle went into administration after losing a four year court case that concluded on 1 December, when the High Court ordered it to pay a fine after a £1.5m investment from client David Rocker fell by 50%. Rocker alleged the losses were caused by the firm's breaches of the contractual terms over how it managed his money. London-based DFM Strand Capital enters administration The amount Full Circle has to pay is still to be decided. A statement from insolvency practitioners PCR, said the adminis...