Member benefits
Appointed Representatives (ARs) of The Fiducia Commercial Network can provide clients with range of commercial financial options and introduce financial services to clients from within the Network Proposition
The Fiducia Commercial Network was created to enable SMEs to benefit from suitable commercial finance solutions and holistic financial planning from expert partners all within our network proposition.
Appointed Representatives (ARs) of the Fiducia Commercial Network can provide their clients with range of commercial finance options, and introduce financial services to clients from within the network proposition.
The Fiducia Commercial Network was created to enable SMEs to benefit from suitable commercial finance solutions, and holistic financial planning from expert partners all within our network proposition.
Our network’s ARs operate under the Fiducia Network Ltd.’s regulatory umbrella to advise on commercial finance options, and leverages our networks specialist and expert partners in all other areas of financial planning their clients have requirements for.
This arrangement allows the AR to provide financial services and advice within the scope of their authorisation, and by membership of The Fiducia Commercial Network introduce expert partners to advise in areas that require alternative authorisations.
Beneficial
This arrangement can be beneficial for both the ARs and their clients and network.
For the AR they are able to introduce and share in the progression of any requirements, but with the knowledge that their client is introduced to a vetted and trusted expert partner of the network to which they belong.
For the clients, a well used adage of a ‘one stop shop’ is extremely beneficial, and the ARs ability to be able to service them with a holistic financial planning service removes repetition of dialogue and information sharing, and gives them their valuable time back.
This can enhance the AR’s credibility and trustworthiness in the eyes of clients, as they are backed by a well-established and regulated entity, with access wel beyond the confines of just commercial finance.
It is important to note that appointed representatives are not completely independent entities.
They operate under the regulatory umbrella of The Fiducia Commercial Network and must adhere to the rules and guidelines set by the regulatory authorities – the FCA.
This includes maintaining appropriate levels of competence, conducting business in an ethical manner, and ensuring compliance with relevant laws and regulations.
Regulated firms have a responsibility to oversee and monitor the activities of their appointed representatives to ensure that they are acting in the best interests of clients and in accordance with regulatory requirements.
Compliance
This may involve conducting regular audits, providing ongoing training and support, and implementing robust compliance procedures.
Appointed representatives play a crucial role in the financial services industry by acting as intermediaries between regulated firms and clients.
This arrangement allows regulated firms to expand their reach and offer specialised services, while appointed representatives benefit from the credibility and support of the regulated firm.
It is essential for both parties to maintain a strong focus on compliance and ethical conduct to protect the interests of clients and maintain the integrity of the financial services sector.
Additionally, appointed representatives can leverage the resources and support of the regulated firm, such as training, compliance, and administrative assistance.
Member benefits
Members Benefits
FCA Authorisation
Members provide commercial finance options under the regulatory umbrella of The Fiducia Network Ltd.’s FCA authorisation.
PI Insurance
Protection against claims for loss or damage made by clients or third parties included - saving members thousands.
NACFB Membership
Membership to the National Association of Commercial Finance Brokers is included for members.
No Upfront Fees
Training and onboarding begins the moment ARs are accepted without any fees payable up front.
Training & Set Up Support
Our team begin work the moment your application is received to get you up and running with clients ASAP.
Business Support
Members receive full support from our expert team including Compliance, Business, Admin and Finance Support.
System Support
Membership includes support with a dedicated AR Portal, including sourcing tools, white label documentation and business development collateral.
Lending Panel
Access to our ‘whole of market’ lender panel with direct access to lenders’ BDMs for support with cases.
What makes a Good AR?
Appointed Representatives Guiding Principals
1: Be Informed
2: Be Diligent
3: Be Honest
4: Be Trustworthy
5: Be Transparent
6: Be Accurate
7: Be Evidence-Based
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