Private Client Consultancy and PCC Wealth Network has received approval for a Swiss Financial Market Supervisory Authority (Finma) licence, International Adviser can exclusively reveal.
The licence will allow both the firm and the network appointed representatives to advise Swiss domiciled and resident individuals, and expats resident in Switzerland.
Mark Hopcroft, managing partner of PCC Wealth Network, said: “This is brilliant news for the group as we believe the opportunities in Switzerland are significant and as it is increasingly evident the Swiss regulators are taking a keen interest in the retail market it is critical that advisers who wish to work in this market have the necessary permissions and are correctly authorised.”
Andy Oliver, chief executive of PCC, added: “This is a great testament to our team who have worked diligently with the Swiss regulators. Looking forwards then with our fully scalable and compliant technology processes, we are ideally placed to explore opportunities in other markets where we can see significant growth.
“We are currently actively looking at two further markets with huge growth potential that will add significantly to the footprint of the regions where we will operate.”
