Meridian Capital, the London-based boutique wealth management firm that launched in April, has received official authorisation by the UK regulator.

Having won regulatory approval from the Financial Services Authority, the firm is offering its services to high/ultra high net worth families, trusts and corporate clients. It also has plans to become involved in yacht planning.

“My experience is in high net worth and ultra high net worth individuals as well as yachting…So in 2010 we will be talking to family offices and trusts in Guernsey, Jersey and the Caymans as well as looking at super yacht planning businesses. From London we will looking to deal with island-based yacht brokers, yards and so on,” David de Brito, director of Meridian Capital, told WealthBriefing.

“We decided we wanted to found our own business with a blank sheet of paper, which we could build from the ground up. The advantage to us is that we don’t have any legacy issues to deal with, especially in the current climate, so its been refreshing from that perspective,” said Mr de Brito.

Meridian recently ran an educational seminar for lawyers, accountants and trustees involved in  the provision of long term care for elderly clients.