Simon Snape

Reference number: 960481

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Appointed representative

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

Responsible principal firm

Openwork Limited Reference number: 408285 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.
  • Simon Snape (FRN 960481) is an AR of Openwork Limited (FRN 408285). When you use Simon Snape's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Simon Snape, 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.

  • No website on the FCA register

  • Phone number

    01902 700660

  • Address

    8 Hall End Lane, Pattingham, Wolverhampton, WV6 7BL, United Kingdom

In the full report: 2 background checks

  • What kind of line 01902 700660 is
  • Who else gives the postcode WV6 7BL
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Other names (2)

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

  • Newgate Financial Trading name
  • Simon Charles Henry Snape Former name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Openwork 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.

Key dates in its history

Simon Snape’s history from the FCA register and Companies House, newest first.

2021

29 October 2021

  • Changed its registered name from "Simon Charles Henry Snape"

FCA register

15 October 2021

  • Became an appointed representative
  • Began trading as "Newgate Financial"

FCA register

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

Firms like Simon Snape

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

In Wolverhampton

Abacus Wealth Services LimitedWolverhamptonAppointed representativeAJI Financial Planning LtdWolverhamptonAppointed representativeAstute Financial Planning LimitedWolverhamptonAppointed representativeBraitch Financial Planning LtdWolverhamptonAppointed representativeCaptain Adrian GoldsbroughWolverhamptonAppointed representativeDamon Scott PikeWolverhamptonAppointed 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 Simon Snape

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

  • 2 background checks on its contact details
  • All 3 events in its history

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Frequently asked questions about this firm

Is Simon Snape FCA authorised?
Simon Snape (FRN 960481) 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 Simon Snape?
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. Simon Snape (FRN 960481) is an AR of Openwork Limited (FRN 408285). When you use Simon Snape's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Simon Snape, 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 Simon Snape’s phone number?
The FCA register lists the phone number 01902 700660 for Simon Snape. If you were given different contact details, use these to check with the firm before going any further.
Is Simon Snape a scam or clone?
Simon Snape 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 Simon Snape?
Protection works through Openwork Limited, the principal firm responsible for Simon Snape's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Does Simon Snape use any other names?
It trades as Newgate Financial. It has previously used the name Simon Charles Henry Snape.

Sources and links

The full report on Simon Snape

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