Parallel Wealth Management Group Limited

Reference number: 1035086

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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

St. James's Place Wealth Management Plc Reference number: 195351 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.
  • Parallel Wealth Management Group Limited (FRN 1035086) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use Parallel Wealth Management Group's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Parallel Wealth Management Group, 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 parallelwealthmanagement.co.uk first appeared online, and whether it can receive email
  • What kind of line 01473 550492 is
  • Who else gives the postcode WC1B 3HH
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • PWM Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through St. James's Place Wealth Management PLC, 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 number
16390124
Company status
Active
Company type
Private limited company
Incorporated
15 April 2025 (1 year old)
Registered office
1-3 The Outlook Fox's Marina, Ipswich, Suffolk, IP2 8NJ, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Cavan Halley Director May 1996 15 Apr 2025 None
Dominic Ciaran Pape Director Apr 1988 25 Jul 2025 3 other companies
Erin Faye Pape Director Jul 1989 25 Jul 2025 2 other companies

Other companies run by these 3 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
3
still active
3
run together
2

In the full report: all 3 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 2 companies these 3 directors run together
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Filed accounts and finances

9 months to 31 December 2025Small company accountsNot audited

Net assets

£12.5k

No earlier figure to compare

Cash at bank

£15.4k

No earlier figure to compare

Employees (average)

10

No earlier figure to compare

Owed within a year

£400k

No earlier figure to compare

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 16390124. 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

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

Key events (4) All events (8)

2025

25 July 2025

  • Twenty4 Capital Limited became the majority owner (50–75% of shares)

Companies House

3 June 2025

  • Became an appointed representative

FCA register

15 April 2025

  • Incorporated at Companies House
  • Halley Capital Ltd became a part-owner (25–50% of shares)

Companies House

In the full report: all 8 events

  • All 8 events in its history (4 shown here)
  • Every director appointment and resignation: 3
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Firms connected to Parallel Wealth Management Group

Other FCA-listed firms that share a director, phone number or address with Parallel Wealth Management Group. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Parallel Wealth Management Group

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

In London

SIX Financial Information UK LimitedLondonAppointed representativeMagellan Investment Partners (UK) LimitedLondonAppointed representativeMoonfare UK LimitedLondonAppointed representativeAlpha FX Institutional LimitedLondonAppointed representativeLCP Capital Solutions LimitedLondonAppointed representativeBrighton Park Capital UK LimitedLondonAppointed representative

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 Parallel Wealth Management Group

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

  • 3 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 8 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Parallel Wealth Management Group Limited FCA authorised?
Parallel Wealth Management Group Limited (FRN 1035086) 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 Parallel Wealth Management Group?
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. Parallel Wealth Management Group Limited (FRN 1035086) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use Parallel Wealth Management Group's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Parallel Wealth Management Group, 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 Parallel Wealth Management Group’s phone number and website?
The FCA register lists the phone number 01473 550492 and the website parallelwealthmanagement.co.uk for Parallel Wealth Management Group. If you were given different contact details, use these to check with the firm before going any further.
Is Parallel Wealth Management Group a scam or clone?
Parallel Wealth Management Group 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 Parallel Wealth Management Group?
Protection works through St. James's Place Wealth Management PLC, the principal firm responsible for Parallel Wealth Management Group's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Parallel Wealth Management Group?
Parallel Wealth Management Group is owned by Twenty4 Capital Limited, which holds 50–75% of shares and 50–75% of votes, since 25 July 2025.
Who runs Parallel Wealth Management Group?
Companies House lists 3 directors of Parallel Wealth Management Group: Cavan Halley, Dominic Ciaran Pape and Erin Faye Pape.
How long has Parallel Wealth Management Group been in business?
The company was formed on 15 April 2025.
What do Parallel Wealth Management Group’s latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of £12.5k (no earlier figure to compare) and cash at bank of £15.4k (no earlier figure to compare).
Does Parallel Wealth Management Group use any other names?
It trades as PWM.

Sources and links

The full report on Parallel Wealth Management Group Limited

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