If you’re a start-up or small broker firm, it’s likely you’ve come across the term ‘appointed representative’ (AR). If you’re not sure what an AR is, or you’re considering becoming one, then we’re here to provide practical advice and support from a dedicated account manager and compliance Officer.
There are a host of benefits associated with becoming an appointed representative, including:
Full FCA compliance
When you become an AR, you enter a contractual relationship with a ‘principal’ firm i.e. Richdale. As your principal firm, Richdale will provides guidance, oversight and will take care of the necessary administrative work required to keep you in full compliance with the FCA’s rules. This, in turn will give you peace of mind that your operations are being carried out correctly.
Save time and money
With your dedicated Richdale Account Manager and Compliance Officer overseeing your FCA compliance, you can spend more time focusing on the other aspects of your business, ultimately helping you to stay focussed on what you do best, increasing your business productivity. Building your customer base and developing your services is vital to creating and maintaining a valuable brand, and our dedicated support will give you the time to do just this.
Cost-effective alternative for start-ups and small firms
If you’re a start-up or small broker firm, becoming an AR is a cost-effective alternative to having your own direct authorisation thus mitigating the need to manage your own compliance. When you outsource your compliance responsibilities to Richdale, you will save on compliance costs, and we will help you to stay compliant while you conduct business and grow your firm.
Support from an experienced company
At Richdale, we are an established firm with many years of experience in the industry. Working with us will give you access to our specialist and personable guidance, advice, resources, and expertise, which could prove invaluable to your success.
Gain experience in the industry
As an AR of Richdale, you will have the opportunity to learn the industry, develop your skills, build your brand, and grow your business, safe in the knowledge that you’re doing so compliantly with the FCA. This experience could eventually lead to your becoming directly authorised with the FCA. Find out more about direct authorisation, here.