WELF Launches DFSA-Regulated Wealth Advisory Business in UAE

AI Summary

WELF has established a regulated wealth advisory business in the UAE targeting professional and institutional clients managing cross-border capital movements. Based at the Dubai International Financial Centre, it aims to cater to European, Middle Eastern, and Asian markets. WELF Advisory has received regulation from the Dubai Financial Services Authority as a Category 3C firm, permitting it to manage assets and provide tailored investment advice. The firm's approach focuses on individual client guidance and independent custody of assets, marking a shift in wealth management services in the region.