Jarvis Investment Management enters special administration, FCA says

Jarvis Investment Management Limited entered special administration on 14 October 2026, the UK Financial Conduct Authority said on 15 October. Adam Stephens and Philip Hemming of S&W Partners LLP have been appointed as special administrators.

What clients can and cannot do

According to the FCA, clients cannot trade, or use the custody assets or client money the firm holds for them, while the special administrators assess those holdings. The administrators will write to clients within 8 weeks of their appointment to explain how they plan to return money and assets.

The costs of distributing them, including the administrators’ fees, may be taken from client money or assets if the firm’s own funds are not enough. The FCA said the Financial Services Compensation Scheme may cover any shortfall in client money or assets, and the costs of returning them, up to £85,000, subject to its eligibility criteria. The FSCS has published a page on the firm.

The firm’s regulatory position

Jarvis Investment is authorised by the FCA to provide wealth management services. In September 2022 it agreed a voluntary requirement with the FCA that restricted the activities it could carry out without the regulator’s consent.

The special administrators now run the firm, but it remains FCA authorised and subject to the regulator’s rules, and the FCA said it will work with them. The release does not say how many clients the firm has or how much money and assets it holds.

What it means for clients

Complaints and claims against the firm now go to the special administrators. Clients with a case already at the Financial Ombudsman Service do not need to act unless the Ombudsman contacts them.

The FCA urged clients to talk to the administrators before signing up with a claims management company or law firm, whose fees could reduce what they get back. It also warned of cold calls from people claiming to be from Jarvis Investment, S&W Partners or the FCA: clients should end the call and contact the organisation directly.

For how to look a firm up on the FCA register and other official registers, see our guide to checking a broker’s licence.

What happens next

The special administrators’ letter to clients, due within 8 weeks of their 14 October appointment, will set out the plan for returning client money and assets.