As part of the ongoing growth and development of the Hoxton Capital Management global group, the UK company Hoxton Capital Management (UK) Ltd this week received confirmation of its Directly Authorised status from the FCA – the UK’s financial services regulator.
We have grown exponentially since launching in spring 2018, when we were initially operating as an appointed representative in the UK with a nationwide advisory network.
“Transitioning from network representative to direct authorisation was always on our roadmap, but the fact that we sought to make this transition after a little more than a year of trading is testament to the success and rapid growth that the firm is enjoying. The development of our business is moving at a rapid pace and we are at a size now where representative status was no longer suitable for a firm of our standing,” says Matthew Dean – Chartered Adviser and our Managing Partner of the UK business.
Dean continues: “This is great news for our UK-based clients and for those clients of ours living overseas who may return to the UK one-day. It cements our status as a company and gives us a firm foundation on which to continue to develop our UK business, which is focussed on servicing those returning former expats and providing continuation of the solid retirement planning advice initially given to them by our advisers operating overseas.”
Speaking on behalf of the international group, Mr Dean’s counterpart Chris Ball was glowing in his assessment of the significance of this development and of the effort made to achieve it:
“I am extremely proud that our UK company, which is run and operated by Matt Dean has completed their direct authorisation process with the FCA – congratulations to him and all of the team. You’ve done an amazing job and all the hard work has paid off. This is fantastic news for all of our UK clients and a great progression for us as a group.”