Advice firm Strabens Hall has been placed into administration with assets sold to different firms.
Earlier this month (September 10), lender Umbra Finance Limited placed Strabens Hall Limited into administration and appointed Gary Shankland and Robert Ferne, both of Begbies Traynor, as joint administrators.
The firm’s regulated business and assets were immediately sold to Hybrid Advice Central, with clients being transferred over.
A note on Strabens Hall’s website added: “All client files are protected and held in accordance with prevailing legislation and Hybrid Advice will continue to provide regulated advice to clients on existing terms.
“Hybrid Advice are contacting all platform providers and clients regarding the ongoing provision of services.”
On the same day, the joint administrators sold Strabens Hall’s non-regulated business and assets to D’Arblay Wealth Limited, which is one of the trading names of HACL. As part of the sale all staff (excluding the directors) were transferred.
D’Arblay Wealth was incorporated in August and is based in both London and Nice, France.
amy.austin@ft.com
