UK-Based international financial services company, ITI Capital, acquires client book from SVS Securities
- Trading Systems
- 08.06.2020 11:00 am
ITI Capital, the FCA-regulated, UK-based global financial services provider for institutional investors and private clients, today announces it has acquired the client book from SVS Securities, which was placed in Special Administration on 5 August 2019. The vast majority of SVS’s clients will become client of ITI on June 11th 2020, and they will have access to their money and assets again from as early as mid-July.
This move also means SVS Securities clients, who previously could only trade in LSE stocks, will now have a global selection of asset classes to choose from, including FX trading, and pricing will remain competitive to what was previously paid at SVS.
Furthermore, client trading will be aided by ITI’s transparent robo-advisory and discretionary services, which are facilitated by cutting edge fintech, and high-end artificial intelligence and machine-learning technologies.
ITI, which is based in London and have been regulated by the Financial Conduct Authority (FCA) since 2001, has over 220 employees globally, and manages over 30,000 clients across multiple countries in three different continents.
Rahul Agarwal, Managing Director for private clients UK, comments:
“We are thrilled to welcome the SVS client base to ITI and we are confident that we will be able to deliver a much superior proposition at a competitive price to the client base. These clients will be able to trade almost any asset class, globally, all via a single online platform. Our advisory service is a true hybrid model where we plan on leveraging technology to offer a customised as well as an automated advisory service. All of this accompanied with our commitment to brilliant customer service.
We appreciate the client base has not had access to their assets in nearly a year and this is difficult. We are doing what we can to speed up the process for these clients.”
Leonardo Brummas Carvalho, CEO of Wealth Management for ITI Capital, comments:
“This acquisition positions us well for our next phase of growth with regards to our digital advisory, discretionary and FX business for traders and brokers. We are very excited to expand our client base and are confident we can continue to develop our high-quality financial advisory services, facilitated by cutting edge fintech. Despite widespread disruption caused by the current climate around the Covid-19 outbreak, we are confident in our ability to grow and develop alongside our clientele.”