The two well known industry figures have worked together in the past and plan to announce their first product partnership with “a major global brand” in early September.
Watson left VAM in July after six years, and Low wound down the Edinburgh-based Acuity Consultants business, in order for them both to focus full-time on the new venture.
Provisca will aim to provide an exclusive range of products to international IFAs, backed by what its founders say will be large and well regulated product providers.
Significant change in product solutions
Low said: “We have witnessed a significant change in product solutions in the offshore market, with a clear flight to quality covering issues such as brand and jurisdiction.
“Provisca aims to put a range of modern day products addressing these needs into the hands of advisers around the world.”
He added that Provisca would focus on large brands that have a successful home market business but which have no real access to, or knowledge of, the opportunities in international markets.
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