According to Revolut, FCA approval granted on May 14 enables private wealth services and leveraged products in the UK, broadening the app’s investment and advisory capabilities for wealth-focused clients.
Revolut Trading Ltd said it secured Financial Conduct Authority approval on May 14 to expand its UK wealth offering. The new permission allows the company to provide private wealth services and leveraged products, adding to previously disclosed portfolio management and principal trading capabilities. Victoria Laffey, head of operations at Revolut Trading, described the approval as “the missing piece” that allows Revolut to bring together investment and advisory services inside its app as it broadens regulated wealth services in the UK.