30 EXPERT ADVICE in association with
TO ADVERTISE CALL 020 3906 8488
12 MAY 2022
YOUR FINANCIAL SERVICES COMPLIANCE EXPERTS
richdale
EXPERT ADVICE
FINANCIAL SERVICES (FCA) COMPLIANCE
Dear Jacob I notice that some financial services firms are authorised by the Financial Conduct Authority while others are not. Should this influence my decision whether or not to use them? David Dear David When considering using any Financial Service Provider, a key consideration is whether that firm is authorised by the Financial Conduct Authority (FCA). (Businesses can either be Directly Authorised in their own right or may be authorised indirectly as an “Appointed Representative” of another Directly Authorised firm, which is known as the Principal Firm or Network, e.g. our sister company, Richdale Brokers and Financial Services Ltd). There are various benefits to working with an authorised firm which would make it highly recommended to only work with such businesses. These include the comfort you can take: 1. that the business has undergone a rigorous assessment of their operations by the FCA, (or by their Principal firm), prior to the business obtaining authorisation; 2. that the business must constantly adhere to strict regulatory processes to ensure the services they provide you with are appropriate, and provided in a manner which is fair, clear and not misleading; and 3. that should the business have fallen short in the quality of the service that they provided you with, you are likely to be able to refer this to the FOS and potentially seek recourse from the FSCS. This is especially important when it comes to investment funds and syndicates, where a recent proliferation in the number of scams, has made it of crucial importance that you carefully research and only work with, appropriately regulated firms. It is important to conclude by adding, that although a business which is not appropriately authorised may be committing a criminal offence if they provide you with a service which requires authorisation, it should also be noted that the specific requirements for FCA authorisation are complex, as they are very specific to the activity being performed by the business.
JACOB BERNSTEIN A member of the APCC, specialising in financial services compliance for: • Mortgage, Protection and General Insurance Intermediaries; • Lenders, Credit Brokers, Debt Counsellors and Debt Managers; • Alternative Investment Fund Managers; • E-Money, Payment Services, PISP, AISP and Grant-making Charities.
Contact: 020 7781 8019 info@www.richdale.co.uk www.richdale.co.uk
CHARITY JEWISH CARE Jewish Care is the largest health and social care organisation serving the Jewish community in London and the South East. Our vital services touch the lives of 10,000 people every week. We provide services and offer a wide range of support groups to older people, people with mental health needs, Holocaust survivors, people living with dementia, people with a variety of needs and carers support.
Jacob Bernstein
Contact: 020 8922 2222 helpline@jcare.org www.jewishcare.org
SHIPPING
BUTCHERS
STEPHEN MORRIS SHIPPING With almost 40 years experience, our company has the ability to move household and personal effects and antiques and fine art with the professionalism and care that comes from that experience coupled with an attention to detail. We construct our own Tri-Wall and wooden packing cases on site and employ full-time art installers and handymen for those ‘extra’ jobs that always need doing on a move or installation. And size is no limitation – we have moved trains, boats and planes across the world and even bridges and a 5,000 seater tent!
KOSHER DELI Kosher Deli was established with the intention of making kosher meat and poultry affordable for all with the convenience of multiple locations and a comprehensive delivery service. All this without compromising on kashrus or quality. Locations in: Golders Green, Hendon, Temple Fortune, Edgware, Borehamwood & Manchester
Contact: 020 8832 2222 info@shipsms.co.uk www.shipsms.co.uk
Contact: 020 8381 4450 info@kosherdeliuk.co.uk www.kosherdeli.co.uk
WEALTH MANAGMENT
ESTATE AGENT
MARC OVITS – BA (HONS) APFS CERT PFS (DM) Over 25 years of successful experience in financial services including 11 years of investment banking experience. Offering expert independent financial advice to individuals, businesses, charities and trusts. Individual services:- Wealth Management, Investment, Retirement, Estate/IHT, protection planning, Tax Mitigation and Cash Management Solutions Business & Charity services:- Investment Planning, Business Succession & Business Exit Planning, Business Protection, Corporate Pensions, Employee Benefits, Cash Management Solutions, Profit extraction strategies
MARTIN FRYDENSON - ROUNDTREE REAL ESTATE Roundtree Real Estate are your local experienced Estate Agent having been established on the High Street since 2009. We are both ARLA and NAEA Propertymark regulated and we are here to offer you expert advice in Property Sales, Lettings, Commercial and Full Management Services, covering Hendon, Golders Green, Finchley, Colindale and surrounding areas. We have built long standing relationships with all our clients and should you have any property related queries please do contact us.
Alpha Wealth Management Contact: 020 8203 6920 info@alphawm.co.uk www.alphawm.co.uk
Contact: 020 8203 2111 mail@theroundtree.com www.theroundtree.com
RICHDALE – YOUR FINANCIAL SERVICES COMPLIANCE EXPERTS THEJEWISHWEEKLY.COM
