Status: You are viewing the version of the handbook as on 2012-12-13.

financial adviser

      1. 42(a) an individual appointed by an independent intermediary or by its appointed representative or where applicable, tied agent, to provide any or all of the following services:
        1. (i) giving advice on investments to clients;
        1. (ii) arranging (bringing about) deals in investments or executing transactions involving, in each case, designated investments with or for clients;
        1. (iii) managing investments;
        1. (iv) receiving or holding client money or other client assets;
        1. (v) safeguarding and administering investments.
      1. (b) For the purposes of this definition, an independent intermediary is a firm acting as an intermediary but excluding:
        1. (i) a firm which is a member of a marketing group;
        1. (ii) a product provider which sells its own packaged products.