IFA consolidator Succession Advisory Services has received FSA authorisation to arrange investment deals, though not to give advice.
The company also has permission to make arrangements with a view to transactions in investments.
Simon Chamberlain, CEO of Succession, says FSA authorisation is important for transparency, even though the company's member firms are all already regulated.
"We see ourselves as an extension of our IFA community and will conform to the standards required under the Financial Services and Markets Act 2000."
He says the move is part of Succession's strategy to have all member firms maintaining common processes and practices and operating on a common platform.
Following the FSA authorisation, Succesion has appointed finance director Alan Wardrop to the role of compliance director.
Since its launch last year, 30 firms have joined Succession. The company says it is on course to boost its £5bn assets under management to reach its target of £7bn within five years.
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