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Home Forums Australian Financial Services Licensing (AFSL) Forum Lowest cost AFSL holder to be an authorised representative of

This topic contains 3 replies, has 3 voices, and was last updated by  licencefx 6 years, 10 months ago.

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  • #3605 Reply

    Gav

    Hi,

    Who is the lowest cost AFSL holder that one could be an authorised representative of in the current market?

    If you are not interested in the dealer support as such, then who is the cheapest?

    Thanks.

    #3606 Reply

    Megan Jaksa
    Member

    Hi Gav,

    We are not aware of the specific pricing that licensees offer.  You will need to make your own enquiries in this regard.

    However, we do note that becoming an AR of an existing AFS licensee is an important decision that should take into account a range of factors other than cost.  You will need to identify a licensee that holds the authorisations that cover the type of business you seek to run and is a good cultural fit with your business.  The licensee will have a high level of oversight over your operations, so you need to ensure that your expectations match and that you can communicate effectively.

    You will also need to consider the licensee’s prior conduct. ASIC has expressed concerns with some licensees who appoint ARs but do not conduct adequate supervision of the ARs’ businesses.  Ensuring that you are aligning your business with a licensee possessing a strong compliance culture will help you stay within the law and avoid unwanted attention from the regulators.

     

    Feel free to contact our office for further information.

     

    Author: David Court
    Co-contributor: Megan Jaksa

    #4014 Reply

    Aaron Schjelde

    These are the cheapest I know of.

     

    http://www.lionsgatefinancial.com.au

     

     

    #4102 Reply

    licencefx
    Member

    Hi David Orth Real Wealth here. I might be able to help you with this. Can you tell me what areas you are looking at giving advice in? perhaps contact me thought my website http://www.realwealth.com.au – I do not want to post an email address on a forum as I’ll get spammed constantly. 🙂

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