8VI Holdings (ASX:AVI) has received regulatory approval to start its financial advisory businesses in Singapore and Malaysia.
The Financial Advisory business vertical was established to expand the group's offerings and address gaps in the VI Community's overall wealth management journey.
8VI FIN Malaysia and Vastus Wealth received their Financial Adviser license from the Central Bank of Malaysia and the Monetary Authority of Singapore, respectively.
This will allow them to work with key partners, including insurers and wealth protection providers, in both countries, and the approval marks a milestone for 8VI and is expected to diversify its revenue streams and attract a larger customer base.