Global advice company obtains Belgium licence

Financial planning firm Alexander Peter Wealth Management (APWM) has acquired a direct licence in Europe and is now regulated by Belgium’s Financial Services and Markets Authority, International Adviser can exclusively reveal.

 

It means the company can now provide financial advice under the Insurance Distribution Directive (IDD) with freedom of services in all 27 members of the EU/EEA.

This direct authorisation will expand its existing operations in Spain.

APWM now has full control of the future direction of the European side of the business, as it was previously an authorised representative of NFS Insurance Advisors.

Alex Stojkovic, global director at Alexander Peter Wealth Management, said: “We are thrilled to have received authorisation to deliver advice to our international clients throughout the whole of Europe. One of the best things about this degree of authority is that it will allow us to reduce costs which we can then pass on to our clients.”

Expand footprint across Europe

The direct authorisation comes a week after IA reported that Alexander Peter WM had obtained a licence in Canada.

Paul Griffiths, head of Europe at Alexander Peter Wealth Management, added: “With our European headquarters in Brussels and our main administration hub in southern Spain, this official passport allows us to extend our cross-border service and provide a fully joined-up service to our clients.

“In Europe, our focus has historically been on the ‘at retirement’ market in the Mediterranean. We now plan to add to this and expand our footprint into northern Europe to deliver a more complete service across the continent.

“This is great news for us as a business but also for our international expat clients who often have a complex range of financial and tax planning needs.”

Established in 2010, APWM provides financial advice to British expats and international employees around the world. It has a team of advisers based in the UK, the US, Canada, EU, Switzerland, Australia and Canada.

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