The TJM Partnership

The TJM Partnership Ltd is in liquidation with effect from 6 January 2022. The liquidators are Milan Vuceljic and Simon Thomas of Moorfields Advisory Ltd and may be contacted at 20 Old Bailey, London, EC4M 7AN; telephone +44 20 7186 1144; email info@moorfieldscr.com.

About Us

ABOUT US

The TJM Partnership

The TJM Partnership Ltd is authorised and regulated by the Financial Conduct Authority (“FCA”).  FCA No. 498199.  Established in 2009 (Company No. 06803933) as a discretionary investment manager.  A leading provider of bespoke trading and investment management services to high-net worth clients, family offices, companies and intermediaries.

Notice of restrictions on The TJM Partnership Ltd

The TJM Partnership Ltd (“TJM”) has applied to, and been granted by, the Financial Conduct Authority (“FCA”) under section 55L of the Financial Services and Markets Act, 2000 for the voluntary imposition by the FCA of the following requirements on TJM’s Part 4A permission:

Restriction on taking on new clients

The TJM Partnership Ltd agrees not to enter into any new contractual relationship or any other legal relationship with any new clients without the FCA’s prior written consent.

Assets restriction

The TJM Partnership Ltd agrees not to, without the FCA’s prior written consent, in any way dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets (whether in the United Kingdom or elsewhere).

The assets restriction does not apply to monetary payments or the disposal of assets made by The TJM Partnership Ltd in the ordinary course of business, which includes payments to suppliers under contractual and legal obligations and usual and proper salary payments but excludes payments of unusual or significant amounts or re-payments of any existing loan to The TJM Partnership Ltd’s controllers, proposed controllers, directors, employees, or any connected persons; capital distributions; gifts or loans; or payments made as part of any financial restructuring or reorganisation of its business.

Name change of the company back to The TJM Partnership Ltd

On 13 December 2021, Neovision Global Capital Limited (FRN: 498199 – company number 06803933) changed its registered name to The TJM Partnership Limited. The FCA’s Register entry was updated to reflect this on 17 December 2021.

The company has been branded as “TJM” since its establishment in January 2009. It changed its name to Neovision Global Capital Ltd in April 2021 in the context of a proposed acquisition of the company by the Neovision Financial group. Since the withdrawal of that proposed acquisition, the company changed its name back to The TJM Partnership Ltd on 13 December 2021.

On 14 December 2021, Neovision Financial group incorporated a new company called Neovision Global Capital Limited (company number NI684443). This new company called Neovision Global Capital Limited is not authorised or regulated by the FCA. As such it cannot and does not undertake regulated activity in the United Kingdom and is a separate entity from The TJM Partnership Limited.

We will be unable to divest existing clients’ assets without a formal individual request that would need to be approved in advance by the FCA (we will make this request on your behalf to the FCA).

If you have questions, please contact your usual investment manager or Dermot Deering at dermot.deering@neovisionfinancial.com or 028 7127 7624.

VOLUNTARY APPLICATION FOR IMPOSITION OF REQUIREMENTS (VREQ)

Notice of restrictions on The TJM Partnership Ltd (formerly named Neovision Global Capital Ltd) regulated firm number 498199, effective 2 December 2021.

The TJM Partnership Ltd (“TJM”) has applied to, and been granted by the Financial Conduct Authority (“FCA”) under section 55L of the Financial Services and Markets Act, 2000 a voluntary imposition by the FCA of the following requirements on its authorisation:

Restriction on taking on new clients

TJM agrees not to enter into any new contractual relationship or any other legal relationship with any new clients without the FCA’s prior written consent.

Assets’ restriction

TJM agrees not to, without the FCA’s prior written consent, in any way dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets.

The assets restriction does not apply to monetary payments or the disposal of assets made by TJM in the ordinary course of business, which includes payments to suppliers under contractual and legal obligations and usual and proper salary payments but excludes payments of unusual or significant amounts or re-payments of any existing loan to TJM’s controllers, proposed controllers, directors, employees, or any connected persons; capital distributions; gifts or loans; or payments made as part of any financial restructuring or reorganisation of its business.

Explanation of TJM’s VREQ

A VREQ is a voluntary agreement by a firm regulated by the FCA to restrict how it carries out its business.

TJM has made the request for a VREQ because the company proposes to enter into liquidation. TJM took professional advice about applying for a VREQ pending its winding up.

The requirements that have been imposed on TJM are as set out above. In summary, TJM is not permitted to take on new clients. There are also restrictions on how TJM uses its own money.

Safety of your money and assets

Meanwhile your money and assets are safe. Our clients’ money and assets are held in safe custody by one of the custodians listed below (all of which are authorised and regulated by the FCA), remain safe and continue to be held in full accordance with the FCA’s rules:

  • Jarvis Investment Management Limited (“Jarvis”) (firm reference number 116413). Further information on Jarvis’s custody of client assets can be found on Jarvis’s website: https://www.jarvisim.co.uk;
  • Saxo Capital Markets UK Ltd (“Saxo”) (firm reference number 551422). Further information on Saxo’s custody of client assets can be found on Saxo’s website: https://www.home.saxo/en-gb;
  • GHC Capital Markets Limited (“GHC”) (firm reference number 152998). Further information on GHC’s custody of client assets can be found on GHC’s website: https://www.ghcl.co.uk/

 

FCA restrictions on withdrawal or transfer of your assets

TJM is required to inform the FCA and gain its prior written consent if a client wishes to remove management of their assets or the underlying assets themselves (for example, cash) from TJM’s management or from being held by TJM’s partner custodians.

Next steps

TJM will remain authorised by the FCA as it goes into and during the liquidation process. Once appointed, the liquidator will communicate contact details with you and make arrangements for ongoing client servicing.

However, you may wish to discuss your options with your investment manager at TJM. We set out three key options below which, as previously noted, will require FCA agreement before they can be implemented:

  • opening a nominee account with your custodian and transferring your assets into that account (a nominee account at your custodian would be an execution only account and your custodian does not give advice);
  • withdrawing the securities held in your account and have them returned to you;
  • transferring your assets to another regulated stockbroker/ discretionary fund manager.

Contact details for the company remain the same notwithstanding the name change back to TJM.  If you have questions, please contact your usual investment manager or Dermot Deering at dermot.deering@neovisionfinancial.com or 028 7127 7624.

Registered Address:  Suite 18, Ealing House, 33 Hanger Lane, London, W5 3HJ.