Reigate-based Financial Planning and wealth management firm One Financial Solutions has become directly authorised by the FCA.
Founder Wayne Griffiths said the achievement was “a landmark moment for our business.”
He founded the firm in 2012 and it now has nearly 30 advisers serving around 1,600 clients across the UK and manages more than £320m of client assets.
The firm said it expects the AUM/A figure to climb to around £500m by March next year.
He said direct authorisation will allow the firm greater operational independence and enhanced flexibility to deliver independent Financial Planning and wealth management services to its growing client base.
He said gaining direct authorisation follows 18 months of, “meticulous planning, coupled with significant investment, expansion of the leadership team and the development of new technology, systems and processes.”
The business is also expanding its leadership team with the appointment of Martin Flick as chairman of the board. Mr Flick is a ‘scale up and grow’ veteran with a track record of senior roles in the technology and telecommunications sectors, including being CEO at Onecom Group between 2021 and 2025.
Wayne Griffiths, CEO of One Financial Solutions
Wayne Griffiths said: "Achieving direct authorisation is a landmark moment for our business and reflects the hard work, dedication and professionalism of our entire team. It gives us greater control over our future and positions us strongly for the next phase of our development.
“Since we started the firm 14 years ago we have maintained our core mission of providing whole-of-market independent financial advice for everyone, without barriers. That mission remains a cornerstone of our business going forward.
“Being directly authorised gives us more freedom of choice, working closely with market-leading product and fund providers to allow our advisers to deliver the very best possible service for our clients.”