Revolut set for wealth management push following FCA approval

The Financial Conduct Authority (FCA) has granted approval for challenger bank Revolut to expand its investment services in the UK to include services for high net worth clients, portfolio management, and leveraged products.

The approval enables the bank’s authorised trading arm, Revolut Trading Ltd, a Variation of Permissions that will allow it to manage investments and deal as a principal.

This extends the company’s activities beyond basic brokerage services, with Revolut stating it would support a broader range of products for retail investors, professional clients, and advanced traders.

FCA approval allows Revolut to combine investment, advisory, and portfolio management services with its banking and payments platform.

Revolut said it planned to redesign its trading model with new investment products and pricing structures, including private wealth services and managed portfolio solutions.

The bank added that its new permissions would allow it to target on a wider customer base, including high net worth clients and professional investors, alongside its existing retail customers.

“These permissions are the missing piece allowing us to unite investment, advisory and portfolio management under one roof, making them even more accessible,” commented Revolut Trading Ltd head of operations, Victoria Laffey.

"Our mission has always been to remove the friction of fragmented financial services; and we can now put sophisticated wealth management products and tools in the hands of every type of investor, helping our customers build and manage wealth with confidence.”

The approval for expanded investment services follows Revolut securing a full UK banking licence in March 2026.

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