Notes

Are you an Investment Adviser with a CFO? If so, are you providing financial advice services or investment management services? Do you work as a financial adviser for clients who are looking to obtain investment properties, obtain business loans or engage in mergers and acquisitions? Do you represent a variety of financial interests including corporate investment, real estate investment, leveraged buyouts, private equity and distressed investments? If the answer is yes to these questions and if you provide financial advice services in addition to financial investment management services, you should register with the Commissions and Registration Services (CRS) to provide investment adviser compliance services.
In order to become a registered adviser, you will have to complete and pass a comprehensive assessment questionnaire which assesses your professional qualifications and experience in accordance with the UK Investments Council (UKIN). It will also cover your registration status, fees payable, and your indemnity insurance. If you are a new adviser, you will be required to complete a Business Strategy Document (BSD). The Business Strategy Document should be written in a business-friendly manner. If you have previously held financial advisory positions, a CFO will be required to review and audit the content.

An adviser should not act as a CFO for a client unless they have the consent of the client. If you are advising on behalf of a client who is incorporating, registering, purchasing an annuity or paying taxes, you are required by law to complete and maintain a confidential financial affairs policy. This policy should include a statement that states that the adviser has not been registered or certified under the UK Regulation 5 Disclosure of Material Matters Act 1992 or the Securities and Accessible Resources Act 1992. If RIA compliance consultant, CFP Board Concern, financial advisor services, FINRA U4 expungement, invesment adviser registration services do not have a policy, it is advisable to acquire one as soon as possible in order to comply with the laws currently in effect.

There are several different types of registered investment advisers in the United Kingdom. Depending on your financial position, experience and location, you may find yourself working with an IFA, CFO or financial planner. In addition, there are independent financial advisers, estate agents and financial advice services firms. You can search the Internet to locate these various types of financial advisers and consult with them to determine what financial advice services you need.

The Business Service Company or BSC is the governing body for registered investment advisers in the United Kingdom. The Business Service Company also acts as the regulator of financial companies in the UK and requires them to submit to a yearly licensing examination. This examination is known as the IPAP examination. Candidates wishing to become an investment adviser must pass the examination which assesses both the technical and business knowledge of the candidates and their ability to fulfill the needs of their clients.

As an investment adviser, your role and responsibilities will vary according to the different sectors of the financial service sector that you work in. Your primary focus could be wealth management, venture capital or estate planning. If you work in the banking sector, you will deal with financial planning, asset protection and risk management for individual clients. In the financial sector you may find yourself advising wealthy clients on investing in bonds, equities or other financial instruments.
Website: https://mahadvising.com/services/investment-advisors/cfp-board-concerns/