Compliance

Skybound Wealth USA Receives Federal Approval

Tom Burroughes, Group Editor, London, 13 May 2021

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The organisation, which has offices around the world, has won a regulatory green light from the SEC so that it can offer services throughout the United States.

Skybound Wealth Management, which has offices in several jurisdictions including the US and oversees more than $200 million assets, has won investment advisor regulatory clearance from the Securities and Exchange Commission for its US operations.

The SEC seal of approval means that Skybound can provide advice across all 50 states of the US.

“Investor protection and peace of mind are central to everything we do as a company. And, following four years of continuous growth, becoming registered in our own right was a natural step to take,” Lyon Botha, chief executive officer of Skybound Wealth Management, said. 

In 2020 Skybound Capital – the parent firm – bought GWM, an international advisory business, and in January the GWM business was rebranded as Skybound Wealth Management.

Since the acquisition, Skybound USA has upgraded its service proposition, adding new services, and built alliances with ancillary providers. 

“We have a number of advisors waiting in the wings to move over to the US once visa applications reopen, and we are keen to hear from advisors already in or looking to move to the US that are SEC registered,” Botha said.

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