Glaisyers ETL, the
Following the deal
WRS was established in
In its first year of trading WRS, which currently has a team of seven, recovered more than £2 million on behalf of individuals who had lost money as a result of negligent or fraudulent investment schemes.
The business traces and recovers money lost to crypto schemes using software which is also deployed by the FBI, banks and governments.
WRS also helps investors who have fallen victim to conventional trading scams, and is able to secure compensation from foreign-registered brokers who have negligently sold investments, including Forex schemes.
Its most recent recruit, who joined the business this month, joined from a large clearing bank and has enhanced WRS's capacity in relation to chargebacks and taking action against banks.
"Sadly I can only see demand for their services increasing in the years ahead, and I believe their combination of cutting edge technology and old-fashioned legal know-how will enable Josh and the rest of the WRS team to maintain and build on their position as the country's leading recovery agents over the long term."
Following the investment by Glaisyers ETL, WRS will gain access, and exposure, to the ETL Global network of firms, which employs more than 13,000 professionals in over 50 countries worldwide.
"I am also looking forward to working with, and getting to know, the ETL Global network of legal, accountancy and other professional services firms.
"The demand for our services is huge, and I believe that what we are currently seeing is just the tip of the iceberg. There are vast numbers of people out there who currently believe their money has been lost forever, but who could be helped if they knew about our capabilities
"Our plan for the coming 12 months is to ramp up our marketing and, with Glaisyers ETL's support, grow our business rapidly and, in the process, reunite more and more investors with money that has been wrongfully or negligently taken from them."
The legal aspects of the transaction were handled by Glaisyers ETL's Legal 500-listed corporate team. Corporate finance advice was provided by
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Notes to editors
About Wealth Recovery Solicitors
Wealth Recovery Solicitors is a specialist law firm regulated by the
The firm uses a variety of technology to recover clients' money, including crypto currency tracing software also used by the FBI, governments and banks. It also uses a range of legal strategies including court injunctions, applications to the ombudsman and official complaints to brokers.
About Glaisyers ETL Global
Glaisyers ETL Global is a firm of solicitors that provides advice to businesses and high net worth individuals, serving national and international clients through its
Glaisyers is part of the ETL Global group, providing clients with access to an international network of tax, law, accounting, HR and IT professionals. In 2019 Glaisyers was named "Best Law Firm" at the annual Talk of Manchester Awards. In 2020 it became the first
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