Financial planners, investment advisors and brokers
Financial planners, investment advisors and brokers
Financial product advice includes a recommendation or opinion that can reasonably be regarded as being intended to influence a person’s decision to buy, sell or hold a particular financial product, including a decision to exercise an option to acquire or dispose of a financial product or to accept or reject a takeover offer.
Investment advisors, such as financial planners and brokers, who provide advice will need to hold an Australian financial services (AFS) licence or be an authorised representative of an AFS licensee. Underwriting is also a financial service and so an AFS licence with the appropriate authorisations will be required if you provide this service.
We can:
- assist you apply for an AFS licence with the authorisations required to operate your business
- prepare or review financial services guides and statements of advice
- prepare underwriting agreements
- prepare client agreements, and
- advise on the implementation of the Future of Financial Advice (FOFA) reforms.
Accountants limited AFS licence
Accountants limited AFS licence
As part of the Future of Financial Advice (FOFA) reforms, the exemption in the Corporations Regulations 2001 (Cth) which allows accountants to give advice about self-managed superannuation funds (SMSFs) without holding an Australian financial services (AFS) licence will be repealed on 1 July 2016.
Read More CFD and other OTC derivative providers
CFD and other OTC derivative providers
Contracts for difference and other over-the-counter (OTC) derivative products such as binary options generally require the operator to hold an AFS licence with an authorisation to make a market.
Read More Corporate advisors and independent experts
Corporate advisors and independent experts
There are some exemptions under the Corporations Act which provide licensing relief for certain aspects of corporate advisory work.
Read More Financial planners, investment advisors and brokers
Financial planners, investment advisors and brokers
Financial product advice includes a recommendation or opinion that can reasonably be regarded as being intended to influence a person’s decision to buy, sell or hold a particular financial product
Read More Insurers and insurance brokers
Insurers and insurance brokers
Insurance intermediaries and insurers provide opinions and recommendations about the insurance products in which they deal and are therefore required to hold an AFS licence or be an authorised representative of a licensee.
Read More Managed discretionary accounts (MDAs) or separately managed accounts (SMAs)
Managed discretionary accounts (MDAs) or separately managed accounts (SMAs)
Generally, MDA services are arrangements that involve a person (an MDA operator) managing a portfolio of assets for a retail client on an individual basis.
Read More Responsible entities, wholesale trustees and investment managers
Responsible entities, wholesale trustees and investment managers
If you want to operate a managed investment scheme, then you will generally need to hold an AFS licence.
Read More Carbon Credits
Carbon Credits
If you wish to operate a business that participates in carbon markets, i.e. buying, selling and trading Australian carbon credit units (ACCUs) and safeguard mechanism credit units (SMCs).
Read More Contact Us
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