News & Insights

Blacktower Achieves Major Milestone with Full DFSA Licence in Dubai and Launch of Blacktower Insurance Services US

Blacktower is thrilled to announce a landmark achievement in its global expansion strategy securing a full licence from the Dubai Financial Services Authority (DFSA) for BlacktowerFinancial Management in the Dubai International Financial Centre (DIFC). This pivotal development underlines the company’s commitment to being a frontrunner in the financialservices industry and significantly elevates its international presence.

The full DFSA licence marks a crucial step in Blacktower’s history, demonstrating the company’s capacity for comprehensive compliance and its capability to offer a wide range of financial services in the Middle East. This achievement distinctly sets Blacktower apart from competitors, showcasing its adaptability and dedication to excellence in global financial markets.

In tandem with its success in Dubai, Blacktower is also excited to announce the establishment of Blacktower Insurance Services, LLC in the United States. Situated in
Orlando, this licensed insurance agency is a vital addition to the company’s North American operations. Over the past year, Blacktower has made key hires and pursued proactive expansion strategies to cement its presence in the U.S. market.

John Westwood, Group Chairman at Blacktower FM, notes, “Securing the full licence in Dubai and expanding further in the US market reflects Blacktower’s unwavering commitment to global excellence. The company is at the forefront of providing tailored financial solutions, and its strengthened presence in the Middle East and its expansion in the U.S. are a testament to Blacktower’s strategy of delivering unparalleled financial advice and services across borders.”

The addition of these two new licenced entities within the Blacktower Group cements one of our core Global Objectives of becoming the leading International Wealth Management Company with the ability of delivering a fully licenced Global Reach. Gavin Pluck, Blacktower’s Group Managing Director and DIFC SEO adds, “Blacktower’s growth is driven by a deep understanding of its client’s needs worldwide. This is not just about business expansion; it’s about reinforcing the trust Blacktower has built with its clients and paving the way for future innovations in the financial sector. “Together with our extensive licensing footprint, the new DIFC entity will afford us the perfect opportunity to provide fully holistic and seamless cross-border solutions in highly regulated international markets, which can often be restrictive to many advisers. We therefore find ourselves in a relatively unique position with the ability to advise our UAE clients on their assets locally and in other regulated jurisdictions, including the UK, EU, USA, Switzerland and Australia.”

As Blacktower continues to grow, its commitment to excellence, innovation, and expanding its global footprint remains steadfast. The company is excited to build upon these recent successes and looks forward to a future of continued growth and leadership in the financial services industry.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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