Financial Planning Wales, a Chartered Financial Planner firm, has become the latest firm to face a cloning scam as the FCA warned that scammers are using fake details of the company to try to con people.

Chase de Vere, Smith & Williamson and Quilter have also recently faced clones of their firms. 

The FCA said that fraudsters are using fake details of the genuine regulated firm to try to trick people and steal their money.

The so-called clone’ scam is becoming increasingly common with hundreds of firms now targeted each year, including a growing number of Financial Planning and wealth management firms.

In the past two years more than 700 firms have been hit by clone scams including Financial Planning firm Boosst and providers such as Vanguard, 7IM and Royal London. 

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’.

The correct details for Financial Planning Wales are: Financial Planning (Wales) Ltd, 62 Cathedral Road, Cardiff, South Glamorgan, CF11 9LL, United Kingdom. Firm Reference Number: 190597. Telephone: 02920641188. Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.fpwifa.com

The scammers are using the following details: Financial Planning Wales, Mitcham Road A217 Bickersteth Rd A217 London This email address is being protected from spambots. You need JavaScript enabled to view it.