Vea Wealth Management Ltd

Reference number: 1030494

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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.

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.
  • Vea Wealth Management Ltd (FRN 1030494) is an AR of Best Practice IFA Group Limited (FRN 223112). When you use Vea Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Vea 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 veawealth.co.uk first appeared online, and whether it can receive email
  • What kind of line 07795 088187 is, and the other firm that gives it
  • Who else gives the postcode WC1H 9BQ
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Other names (1)

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

  • Vea Wealth Trading name: A name it trades under now.

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Best Practice IFA Group 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 status
Active
Company type
Private limited company
Incorporated
11 February 2025 (1 year old)
Registered office
Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Wesley Lloyd Bernard Nixon Director Apr 1977 11 Feb 2025 2 other companies

Other companies run by its director

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
2
still active
2
is FCA-registered
1

In the full report: all 2 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
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Key dates in its history

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

2025

3 April 2025

  • Became an appointed representative
  • Began trading as "Vea Wealth"

FCA register

11 February 2025

  • Incorporated at Companies House
  • Wesley Lloyd Bernard Nixon took control (75–100% of shares)
  • Wesley Lloyd Bernard Nixon appointed as a director

Companies House

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

Firms connected to Vea Wealth Management

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

connected firm
1
share a director
1
share its phone number
1

In the full report: the connected firm, named

  • How it is linked: shared directors (1), the same phone number (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Vea Wealth Management

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

In London

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 Vea Wealth Management

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

  • 2 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 5 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Vea Wealth Management Ltd FCA authorised?
Vea Wealth Management Ltd (FRN 1030494) 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 Vea 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. Vea Wealth Management Ltd (FRN 1030494) is an AR of Best Practice IFA Group Limited (FRN 223112). When you use Vea Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Vea 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 Vea Wealth Management’s phone number and website?
The FCA register lists the phone number 07795 088187 and the website veawealth.co.uk for Vea Wealth Management. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.
Is Vea Wealth Management a scam or clone?
Vea 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 Vea Wealth Management?
Protection works through Best Practice IFA Group Limited, the principal firm responsible for Vea Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Vea Wealth Management?
Companies House lists one person with significant control of Vea Wealth Management: Mr Wesley Lloyd Bernard Nixon (75–100% of shares).
Who runs Vea Wealth Management?
Companies House lists one director of Vea Wealth Management: Wesley Lloyd Bernard Nixon.
How long has Vea Wealth Management been in business?
The company was formed on 11 February 2025.
Does Vea Wealth Management use any other names?
It trades as Vea Wealth.

Sources and links

The full report on Vea Wealth Management Ltd

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