London wealth manager Dolfin has strongly denied media reports that it has steered client money into businesses related to its directors.

The reports emerged yesterday (6 January) after Dolfin made a voluntary requirement (VREQ) agreement with the FCA at the end of December regarding its Tier 1 UK Investor Visa service.

As a result of the agreement, Dolfin will stop its former practice of selling bonds issued by companies in which it or its directors have an interest. Instead, clients looking to qualify for an investor visa will be managed on a discretionary basis. A Tier 1 Investor Visa requires applicants to invest at...