VFS Europe has sold its operations in Belgium and Holland to Fulcra International Financial Planning, a Brussels-based financial adviser, to concentrate on its core European market in Spain.
A network of financial advisers specialising in international financial planning, VFS Europe’s sale follows its decision to focus its European operations on Spain, where it has built a considerable fully regulated business.
Fulcra welcomed the move to work with VFS clients and brokers from Belgium and Holland.
“This purchase gives Fulcra further growth and an enlarged client base in Belgium and Holland, where we have a very strong presence,” said Tim Nicholls, managing director at Fulcra.
John Navetta, director of VFS Europe, said the company is currently recruiting a number of brokers to add to its Spanish team.
The VFS Group caters for clients including expatriates, the internationally mobile and local nationals, with intermediaries in approximately 25 countries.
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