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Thanks for the question.
The process for applying for an AFSL, and the requirements on licensees, are the same, whether you are an individual, a company or a partnership. You will need to decide what AFSL you require, meaning you to need to assess what services you wish to provide and the appropriate authorisations.
Managing your AFSL and the ongoing requirements, as a self-licensed adviser, are again no different from larger firms with multiple employees. Maintaining your own AFSL costs a significant amount of time and money, as knowledge, resources and training are required to keep up-to-date with products, regulatory changes and compliance requirements.
For further information contact our Financial Services Team.
Author: David Court