Wealth management firm Finsbury Wealth has launched into the Dubai International Financial Centre (DIFC) after it received a licence from the Dubai Financial Services Authority (DFSA).
Finsbury Wealth will be a standalone company alongside Finsbury Associates, which has an Insurance Authority licence.
Finsbury Associates will continue to operate, assisting retail clients with their insurance requirements, while the newly launched Finsbury Wealth will offer clients a range of investment solutions under the DFSA licence.
Finsbury Wealth will serve high net worth individuals, individual investors, family offices, businesses and trusts across the Middle East and beyond. It will also offer financial advice and generational planning services including family structures, asset management and cross-border tax planning.
It is also able to support businesses both in the DIFC and across the UAE with workplace savings schemes and gratuity management.
‘Next logical step’
Hannah Greenwood, senior executive officer of Finsbury Wealth, said: “The opportunity that the DFSA presented in terms of standards of advice and investment choice was a key motivator for the creation of Finsbury Wealth.
“Our expansion into the DIFC allows us to offer clients an enhanced suite of truly holistic investment offerings, combined with the highest level of international standards, regulations and advice available within the UAE, and was the next logical step in our journey.
“The DFSA licence enables us to provide the complex structures and requirements that these types of clients require and as we grow, it became the next natural step for us to take.”
Danielle Suchley, chief executive of Blue Sky Thinking Group, added: “Our mission is to set the standard for boutique wealth management through meaningful relationships built on trust, integrity, and transparency, and the DIFC model will allow us to do this.
“We have had a great deal of success assisting clients through Finsbury Associates, and now through Finsbury Wealth, we will be able to continue our success, assisting high net worth individuals, families and businesses with their bespoke investment requirements with the support of an internationally recognised independent regulator.”