Revolut Wins FCA Approval for Wealth Management and Principal Investment Powers

Revolut has secured new permissions from the UK Financial Conduct Authority to manage investments and act as a principal, expanding its investment business beyond commission-free trading. The approvals allow the fintech to offer discretionary portfolio management, advisory services, leveraged instruments, and structured investments—products with higher revenue potential than basic share dealing.

The new permissions complement Revolut's restricted UK banking license, supporting its strategy to build a full-service financial platform covering deposits, payments, trading, and wealth services within a single app. Victoria Laffey, head of operations at Revolut Trading Limited, said the approvals would enable the company to bring investment, advisory, and portfolio management services together in one place.