Investment advice – exempt regulated activities

    Although we are not authorised by the Financial Services Authority to conduct Investment Business, we are licensed by the ICAEW to provide certain limited investment services where these are complementary to, or arise out of, the professional services we are providing to you. 

     Such assistance may include the following:

     advising you on investments generally, but not recommending a particular investment or type of investment;

    • referring you to a Permitted Third Party (PTP) (an independent firm authorised by the FSA) and assisting you and the authorised third party during the course of any advice given by that party.  This may include comment on, or explanation of, the advice received (but we will not make alternative recommendations).  The PTP will issue you with his own terms and conditions letter, will be remunerated separately for his services and will take full responsibility for compliance with the requirements of the Financial Services and Markets Act 2000.  The firm may receive commission from such an introduction, in which case you will be fully informed of the expected size and nature of such commission at the time of the introduction.

    • advising on the sale of a contractually based investment other than disposing of any rights or interests which you may have as a member of a personal pension scheme;

    • advising and assisting you in transactions concerning shares or other securities not quoted on a recognised exchange;

    • managing investments or acting as trustee (or donee of a power of attorney) where decisions to invest are taken on the advice of an authorised person;

    We may also, on the understanding that the shares or other securities of the company are not publicly traded:

     advise the company, existing or prospective shareholders in relation to exercising rights, taking benefits or share options valuation and methods;

    • arrange any agreements in connection with the issue, sale or transfer of the company’s shares or other securities;

    • arrange for the issue of the new shares; and

    • act as the addressee to receive confirmation of acceptance of offer documents etc.

     If you are dissatisfied in any way with our services described in this section, you should follow the procedures set out in the “Quality of service” section below.  In the unlikely event that we cannot meet our liabilities to you, you may be able to claim compensation under the Chartered Accountants’ Compensation.