Financial services provider ITI Capital has acquired the client book from SVS Securities which went into Special Administration in 2019.
As a result, the vast majority of SVS clients will become ITI Capital’s clients as of June 11 2020. In addition, they will have access to their money and assets again from as early as mid-July.
Furthermore, SVS clients will now have access to a global selection of asset classes to choose from at ITI Capital, including FX trading. Pricing will remain competitive to what was previously charged at SVS.
Rahul Agarwal, managing Director for private clients UK, said: “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, added: “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.”