Optimal Wealth Management LTD

Reference number: 938427

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

M&G ADVICE PARTNERS LIMITED Reference number: 584256 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Optimal Wealth Management LTD (FRN 938427) is an AR of M&G ADVICE PARTNERS LIMITED (FRN 584256). When you use Optimal Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Optimal Wealth Management, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When mandgwealth.com first appeared online, and whether it can receive email
  • What kind of line 07956 597851 is
  • Who else gives the postcode WD7 7BL
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through M&g Advice Partners Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company name
OPTIMAL WEALTH MANAGEMENT LIMITED
Company number
12967339
Company status
Active
Company type
Private limited company
Incorporated
22 October 2020 (6 years old)
Registered office
8 Mornington Road, Radlett, WD7 7BL, England
Nature of business
  • Financial management (SIC 70221)

Directors and company secretaries

Name Role Born Appointed Other companies
Daniel Harry Michael Schama Director Feb 1979 22 Oct 2020 None
Nicky Schama Secretary Not published 22 Oct 2020 –

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
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Filed accounts and finances

Year to 31 December 2025Micro-entity accountsNot audited

Net assets

£179k

+23% from £146k

Owed within a year

£60.9k

−15% from £71.5k

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2021 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 12967339. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Optimal Wealth Management’s history from the FCA register and Companies House, newest first.

2020

13 November 2020

  • Became an appointed representative

FCA register

22 October 2020

  • Incorporated at Companies House
  • Daniel Harry Michael Schama became a part-owner (25–50% of shares)
  • Nicky Schama became a part-owner (25–50% of shares)
  • Daniel Harry Michael Schama appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms like Optimal Wealth Management

Other firms of the same type (financial adviser), nearest first.

In Radlett

Kinetic Wealth Management LimitedRadlettAppointed representativeMorris Wealth Management LimitedRadlettAppointed representativeSimon BensonRadlettAppointed representativeBSG Financial Solutions LimitedRadlettAppointed representativeEssex Financial Management LimitedRadlettAuthorisedHcf Partnership LimitedRadlettAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Optimal Wealth Management

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 5 events in its history

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Frequently asked questions about this firm

Is Optimal Wealth Management LTD FCA authorised?
Optimal Wealth Management LTD (FRN 938427) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Optimal Wealth Management?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Optimal Wealth Management LTD (FRN 938427) is an AR of M&G ADVICE PARTNERS LIMITED (FRN 584256). When you use Optimal Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Optimal Wealth Management, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Optimal Wealth Management’s phone number and website?
The FCA register lists the phone number 07956 597851 and the website mandgwealth.com/optimalwealthmanagement for Optimal Wealth Management. If you were given different contact details, use these to check with the firm before going any further.
Is Optimal Wealth Management a scam or clone?
Optimal Wealth Management is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Optimal Wealth Management?
Protection works through M&g Advice Partners Limited, the principal firm responsible for Optimal Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Optimal Wealth Management?
Companies House lists 2 people with significant control of Optimal Wealth Management: Mr Daniel Harry Michael Schama (25–50% of shares) and Mrs Nicky Schama (25–50% of shares).
Who runs Optimal Wealth Management?
Companies House lists one director of Optimal Wealth Management: Daniel Harry Michael Schama.
How long has Optimal Wealth Management been in business?
The company was formed on 22 October 2020.
What do Optimal Wealth Management’s latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of £179k (+23% from £146k).

Sources and links

The full report on Optimal Wealth Management LTD

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