Financial Advisor Inheriting Clients House Etc?

[rabbikrustofski]

Hi, my sister died some time ago. She had a reasonably highly priced house and a healthy bank account but no children. She obviously needed financial advice so contacted an 'advisor', not long after being employed by her he advised her that she could save taxes, whatever, if she had a lesser amount of money in her account. As I said she had no children so she gifted some £83,000 to the advisors daughter who the advisor had taken to bringing her along on their meetings at my sisters home. Some while later my sister died and left her home and her monies almost entirely to the advisor. Now I'm not bitter, I'm happy with my lot in life and would have happily seen it all going to charity or charities, now I know this doesn't sound very ethical but it also concerns me that this affair is illegal in law or by the financial institutions rules or guidance?

[Buenchico]

It might be worth an enquiry to the FCA, which is the relevant regulatory authority:
http://www.fca.org.uk/site-info/contact

[VHG]

Sounds like she was scammed.

[themas]

Please do not leave this. If you do other people will get scammed by this man just as your sister was. The FCA should be able to help, or else put you in touch with the correct regulatory body.

As a matter of interest, did this man also get himself appointed executor of her will? That would give him carte blanche to do pretty much what he wanted.