WealthVector launches custody platform after FCA authorisation

By Milan Rojan

WealthVector has launched its white-label custody platform after receiving authorisation from the Financial Conduct Authority (FCA), enabling the company to begin onboarding wealth managers and financial advisers.

Founded by former Third Financial Chief Executive Ian Partington and Executive Director Edward Barroll Brown, WealthVector has positioned itself as a Model B custodian, offering custody, dealing and processing services through a platform that wealth firms can deploy under their own branding.

Ian Partington, Co-founder, WealthVector, said the objective has been to modernise wealth infrastructure in line with changing user expectations of financial technology. He added that while wealth platforms have historically relied on ageing architectures, WealthVector has sought to develop a platform designed for today’s digital environment while maintaining the governance and regulatory controls required for custody services.

The company has received FCA authorisation following an application submitted in November 2025, with regulatory approval granted on 3 July 2026. The approval has enabled WealthVector to commence client onboarding and commercial operations.

WealthVector has spent the past year developing its platform using AI-assisted software development tools. However, the company has chosen not to embed artificial intelligence into the core custody platform, citing the need for deterministic and auditable systems when handling client assets and money.

Instead, the FinTech has explored the use of locally deployed AI agents to support operational processes surrounding the platform. The approach has been designed to enhance efficiency while maintaining data privacy and ensuring sensitive financial information remains within the company’s own infrastructure.

The business was established after Third Financial, previously led by Partington, was acquired by Nucleus Financial Platforms in 2024. According to the company, the new platform has been built from the ground up to address the limitations of legacy wealth technology that continues to underpin much of the sector.