5 minute read
Expert Advice
Dear Jacob
It seems nowadays, that everyone is talking about cryptocurrency! What should I know about investing in cryptocurrency and whether my money is safe if something goes wrong?
Solomon
Hi Solomon
I would like to begin by advising that I am not in a position to advise whether or not one should invest in Cryptocurrency. You should note that the Financial Conduct Authority (FCA) has warned investors not to invest unless they are prepared to lose all of their capital invested. Nonetheless I will provide you with a few very key factors you may wish to be mindful of: • No Consumer Protection - Although a recent vote in Parliament voted in favour of adding crypto to the scope of activities regulated via the proposed Financial Services and Markets Bill, this has not yet been concluded and there is therefore no consumer protection for those investing in or holding crypto assets. They are not protected by the Financial Services Compensation Scheme if anything goes wrong and are outside of the jurisdiction of the Financial Ombudsman Service (FOS) if they wanted to make a complaint. • Unregulated Trading Platforms/Exchanges – Cryptocurrencies’ popularity has resulted in an increase in the number of exchanges and trading platforms, but due to the lack of regulation, there are a number of scam exchanges that may take advantage of consumers. Others may have weak security, making it easier for scammers to steal your money without a trace or any way for you to get your money back. • Digital Theft/Loss – Cryptocurrencies are stored in crypto wallets, either online through a crypto exchange or wallet provider, or offline in storage devices like hard drives. Online wallets are popular targets for cybercriminals (more than £12 billion was stolen worldwide in 2021), and offline wallets are accessed with digital keys, which if lost, means you can no longer access the contents and will have lost all of your funds.
JACOB BERNSTEIN
A member of the APCC, specialising in financial services compliance for: • Mortgage, Protection and General Insurance Intermediaries; • Lenders, Credit Brokers, Debt Counsellors and Debt Managers; • Alternative Investment Fund Managers; • E-Money, Payment Services, PISP, AISP and Grant-making Charities.
Contact:
020 7781 8019 info@www.richdale.co.uk www.richdale.co.uk
CHARITY
JEWISH CARE
Jewish Care is the largest health and social care organisation serving the Jewish community in London and the South East. Our vital services touch the lives of 10,000 people every week. We provide services and offer a wide range of support groups to older people, people with mental health needs, Holocaust survivors, people living with dementia, people with a variety of needs and carers support.
Contact:
020 8922 2222 helpline@jcare.org www.jewishcare.org
SHIPPING
STEPHEN MORRIS SHIPPING
With almost 40 years experience, our company has the ability to move household and personal effects and antiques and fine art with the professionalism and care that comes from that experience coupled with an attention to detail. We construct our own Tri-Wall and wooden packing cases on site and employ full-time art installers and handymen for those ‘extra’ jobs that always need doing on a move or installation. And size is no limitation – we have moved trains, boats and planes across the world and even bridges and a 5,000 seater tent!
Contact:
020 8832 2222 info@shipsms.co.uk www.shipsms.co.uk
BUTCHERS
KOSHER DELI
Kosher Deli was established with the intention of making kosher meat and poultry affordable for all with the convenience of multiple locations and a comprehensive delivery service. All this without compromising on kashrus or quality. Locations in: Golders Green, Hendon, Temple Fortune, Edgware, Borehamwood & Manchester
Contact:
020 8381 4450 info@kosherdeliuk.co.uk www.kosherdeli.co.uk
WEALTH MANAGMENT
MARC OVITS – BA (HONS) APFS CERT PFS (DM)
Over 25 years of successful experience in financial services including 11 years of investment banking experience. Offering expert independent financial advice to individuals, businesses, charities and trusts. Individual services:- Wealth Management, Investment, Retirement, Estate/IHT, protection planning, Tax Mitigation and Cash Management Solutions Business & Charity services:- Investment Planning, Business Succession & Business Exit Planning, Business Protection, Corporate Pensions, Employee Benefits, Cash Management Solutions, Profit extraction strategies
Alpha Wealth Management Contact:
020 8203 6920 info@alphawm.co.uk www.alphawm.co.uk
ESTATE AGENT
V - ROUNDTREE REAL ESTATE
Roundtree Real Estate are your local experienced Estate Agent having been established on the High Street since 2009. We are both ARLA and NAEA Propertymark regulated and we are here to offer you expert advice in Property Sales, Lettings, Commercial and Full Management Services, covering Hendon, Golders Green, Finchley, Colindale and surrounding areas. We have built long standing relationships with all our clients and should you have any property related queries please do contact us.
Contact:
020 8203 2111 mail@theroundtree.com www.theroundtree.com
TELECOMMUNICATIONS
MARTIN HEIMAN – SMARTINET
We’ve been providing businesses with all of their communication needs since 2010. We specialise in supplying businesses with VoIP Packages, Mobile Plans, Broadband, Card Merchant Services, Leased Lines, On-Hold Marketing, and Call Centre Services. Smartinet, your reliable and efficient business communications provider.
Contact:
0333 613 0000 connect@smartinet.co.uk smartinet.co.uk
SOCIAL MEDIA EXPERT
SITEAWE
Social media is POWERFUL for businesses. But a community around your business with followers to do more than just follow is even MORE powerful. Our partners include The Jewish Weekly and Badatz Igud Rabbonim. Comments have included “They boosted, and are continuing to boost, our online presence to far beyond what I could have imagined.” So what are you waiting for? Get in touch today
Contact:
07707 220 445 eli@siteawe.com www. siteawe.com
ENERGY PERFORMANCE
EPC NATIONAL
EPC NATIONAL are leading experts in providing EPC certificates for domestic & non-domestic properties nationwide. Especially with the new regulations coming, we provide guidance to all of our clients. Call the team to discuss any requirements.
Contact:
03300 881141 info@epcnational.co.uk www.epcnational.co.uk
FINANCIAL SOLUTIONS
STEPHEN COLMAN – INDEPENDENT FINANCIAL SOLUTIONS
An independent mortgage broker directly authorised by FCA specialising – for over 25 years - in the more ‘challenging’ situations. We take care of the whole mortgage process on your behalf, handling all aspects of buying your residential or investment property. In addition over the past 5 years we have been at the forefront in arranging Equity Release mortgages for the over 55’s
Contact:
07956 234 524 020 8458 9137 stephencolman2@aol.com
WORTHY OF A BRACHA!
