Jarvis Investment Management clients face wait after firm enters special administration
Wealth manager Jarvis Investment Management has entered special administration, with clients' assets frozen pending a review by appointed insolvency practitioners.
Firm placed into special administration
Jarvis Investment Management Limited entered special administration on 14 October 2026, the Financial Conduct Authority (FCA) has confirmed. Adam Stephens and Philip Hemming, of S&W Partners LLP, were appointed as special administrators to run the firm’s affairs.
Jarvis Investment, which holds FCA reference number 116413, provided wealth management services and remains FCA authorised despite the administration. The regulator said the firm had agreed a voluntary requirement with the FCA on 16 September 2022, restricting what activities it could carry out without FCA consent.
What it means for clients
Clients will not be able to trade or otherwise use custody assets or client money held with the firm while the special administrators assess the position. The FCA said the special administrators will gather information from creditors and clients about payments made to, or owed by, the firm.
Anyone who held an investment with Jarvis Investment will be written to within eight weeks of the appointment date, explaining how the administrators plan to return client money and assets and how to make a claim. Clients whose money or assets were held with the firm through a financial adviser or wealth manager have been told to speak to that adviser in the first instance for updates.
Costs and compensation
Costs linked to returning money and assets, including the special administrators’ fees, may be deducted from client funds or assets if there is a shortfall. The Financial Services Compensation Scheme (FSCS) may cover the costs of distribution for eligible clients.
Where a claim is eligible, the FSCS may cover any shortfall in client money or assets, plus the costs of returning them, up to £85,000 per eligible client. The special administrators will work with the FSCS to determine which clients or businesses qualify and will issue further updates in due course.
Complaints and ongoing cases
Clients with an existing complaint or claim against Jarvis Investment have been advised to contact the special administrators directly for information on how these will be handled. Anyone with an ongoing case at the Financial Ombudsman Service does not need to take action; the Ombudsman will make contact about next steps, though clients can also reach out if needed.
The FCA has warned clients to be cautious about approaches from claims management companies or law firms, saying there is “no benefit” for most clients in involving a third party to help reclaim assets, since such firms are likely to charge a fee that would reduce the amount ultimately returned.
What happens next
The special administrators remain officers of the court and must comply with insolvency law throughout the process. The FCA said it will continue working with them “to seek the best outcome for clients” while Jarvis Investment remains subject to its rules. Clients experiencing severe financial hardship because they cannot access their investments have been told to inform the special administrators of their circumstances. Further updates are expected as the assessment of client money and assets progresses.