Revolut has secured expanded regulatory permissions from the Financial Conduct Authority on Thursday, allowing the FinTech group to broaden its UK investment offering to include portfolio management, leveraged products and services for high-net-worth clients.<\/p>\n
The approval grants Revolut Trading Ltd, the company\u2019s authorised trading arm, a Variation of Permissions that enables it to manage investments and deal as principal, extending its activities beyond basic brokerage services. The company said the changes would support a wider range of products for retail investors, advanced traders and professional clients in the UK.<\/p>\n
Revolut said the approval would allow it to combine investment, advisory and portfolio management services alongside its banking and payments platform. The company plans to redesign its trading model with new pricing structures and investment products, including managed portfolio solutions and private wealth services.<\/p>\n
Victoria Laffey, head of operations at Revolut Trading Ltd, said: \u201cThese permissions are the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible.\u201d<\/p>\n
Laffey added that the company\u2019s goal was to \u201cremove the friction of fragmented financial services\u201d and give customers \u201csophisticated wealth management products and tools\u201d within a single platform.<\/p>\n
The regulatory expansion follows the recent launch of Revolut\u2019s UK bank and marks another step in the company\u2019s push into mainstream financial services. Revolut has sought to diversify beyond payments and foreign exchange by expanding into consumer lending, savings and investment products across several markets.<\/p>\n
The company said the enhanced permissions would enable it to target a broader customer base, including high-net-worth individuals and professional-tier investors, while continuing to serve retail customers through the same platform.<\/p>\n
Revolut said it was also exploring the use of artificial intelligence within its investment products to improve portfolio management and financial decision-making for users. The company did not provide a timeline for the rollout of those services.<\/p>\n
The FCA approval comes as digital banking and FinTech groups seek to deepen relationships with customers by offering investment and wealth management products traditionally dominated by established banks and asset managers.<\/p>\n
The approval follows the launch of Revolut\u2019s UK bank in March after the company secured a full banking licence from the Prudential Regulation Authority following a four-year process. Nik Storonsky, co-founder and chief executive of Revolut, said at the time that establishing the UK bank was \u201cvital\u201d to the company\u2019s growth ambitions, while UK chief executive Francesca Carlesi said the licence would support expansion into products including credit. Revolut currently serves 13 million UK customers and has committed \u00a33 billion to its UK expansion, including plans to create 1,000 jobs.<\/p>\n
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