Revolut Expands UK Wealth Offering Following FCA Approval

According to Revolut, the approvals pave the way for “more sophisticated wealth management services” and an expanded range of investment products, including leveraged offerings.

Among the permissions granted are the ability to manage investments and to deal as a principal, extending Revolut’s capabilities beyond a standard brokerage model.

The approvals will also allow the firm to cater to high net worth investors and advanced traders while continuing to serve retail investors within the same platform ecosystem.

“These permissions are the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible,” said Revolut Trading Limited’s head of operations Victoria Laffey.

“Our mission has always been to remove the friction of fragmented financial services; and we can now put sophisticated wealth management products and tools in the hands of every type of investor, helping our customers build and manage wealth with confidence.”

The development follows the recent launch of Revolut’s UK banking operations and comes amid reports the company has been expanding its wealth and trading division through new hiring initiatives.

The move also positions Revolut more directly against established UK high street banks that are increasingly investing in their own wealth management capabilities.