Dance, the principal partner at the wealth management firm, has been accused of fraudulently abusing his position for personal gain. The FCA said between 2014 and 2023, Dance transferred more than £64m from client accounts to his control. The funds were then used to fund a «lavish lifestyle». He is also accused of using the funds to back business ventures such as racehorses and a nightclub. Eight MPs call on Chancellor to investigate FCA's WealthTek crackdown WealthTek was formerly known as Vertus Asset Management (Vertus). The FCA explained that prior to WealthTek obtaining dir...
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