Private Client Consultancy (PCC) has received authorisation and direct licencing from Spanish regulator Direccion General de Seguros y Fondos de Pensiones (DGSFP).
The firm currently operates in the country, as well as in Portugal through two subsidiary offices. It has a client base of over 1,400 customers and more than £200m ($280m, €233m) under management.
PCC had a relationship with DeVere Spain and spent the last 10 months operating under its licence.
With the authorisation from the regulator now approved, it plans to create a wealth network to offer businesses and individual IFAs to join as ‘full access’ members under its licence.
An official announcement for the introduction of the PCC Wealth Network will be made in the next few days, the firm said.
Hollie Oliver, chief operating officer at PCC, added: “It’s an extremely proud moment for us. A huge achievement for all at Private Client Consultancy.”
