Global advisory company Skybound Wealth Management has received regulatory approval by the Cyprus Securities and Exchange Commission (CYSEC) and the Insurance Companies Control Service (ICCS).
The combination of the CYSEC and IDD licences means Skybound Wealth can now offer solutions and advice across EU countries having already received approval from local regulators in countries such as Spain, Portugal, and France.
Peter Gollogly, regional director for Europe at Skybound Wealth, said: “Over the last 18 months, we have strengthened all support functions as well as making significant upgrades to both our client and adviser proposition.
“Becoming registered directly in Cyprus allows us to provide advice within the EU region and is a natural progression. Since Brexit, the way advice firms operate has changed significantly with firms either adapting or exiting the market.
“With many choosing the latter, Skybound Wealth are well positioned to fill the void with high quality, regulated international-focused financial advice.”
Global reach
With operations in Switzerland, the UAE, the US, the UK, and Australia, Skybound Wealth can now provide support to international investors across four continents.
Gollogly added: “Such global coverage means as international workers approach retirement, whether they repatriate back to the UK, from the Middle East to Europe or vice-versa, as a Skybound Wealth client they may look to receive a continuous service when it comes to their investments.”
