This licence type will enable you to advise and arrange deals across all product types. You can advise retail or prodessional clients or, for example, a fund.
We charge a fixed fee of £10,000 + VAT to process this type of application. This licence may require an external audit. It will depend on the investment types within a firm’s permission.
The FCA charges an application fee of £1,500 and the capital requirement for this type of licence is fixed at €50,000 (increasing to €75,000 for 2022).
This type of licence will enable a firm to manage investments either via a managed account or by managing a Fund via a delegated portfolio management arrangement. We charge a fixed fee of £12,000 to manage this type of application. This licence will require preparation of an ICAAP document (detailed risk management / financial document). The FCA charges an application fee of £5,000.
The capital requirement for this type of licence involves taking a number of factors into account but as a guide, it will usually be the higher of €50,000 (rising to €75,000 from 2020) or one-quarter of your projected fixed costs in year one from authorisation, plus a capital buffer. Fixed costs include salaries, office costs, IT etc. As an example, if your fixed costs were £100,000 your capital requirement would be €50,000 plus a capital buffer (e.g. £60,000). If your fixed costs were £400,000 your capital requirement would be £100,000 plus a capital buffer (e.g. £120,000).
For a free no-obligation quote please call us on 0203 405 7416. Alternatively, you can send an e-mail to email@example.com