Developed ahead of the impact of the Retail Distribution Review (RDR), the company’s business model will allow it to deliver financial advice to clients who can claim professional status under the FSA rules.
RDR is a part of FSA consumer protection strategy, with a motive to set up a flexible, efficient and attractive retail investment market that consumers can have confidence in and trust at a time when they need more help and advice with their retirement and investment planning.
Smythe House director and a former senior investment banker with Barclays Capital Richard Walker said the authorisation will allow extending a range of investment products to its clients and opportunities suited to sophisticated investors.
The company offers wealth management and financial advisory service mainly to city-based high net worth individuals in banking, financial services and property among others.
Founded in 2009, Smythe House has increased its client base to a current size of approximately 75 clients.
