James Barger

Finance Wise Global Securities Pty Ltd

What advice can I give my clients as a Limited Authorised representative under an AFS License holder?As a Limited Authorised representative under an AFS License holder you can continue to offer the same advice to clients as you did under the accountants’ exemption. You can provide advice to clients in the following areas:• SMSFs - existing superannuation holdings (limited to making a recommendation to establish a SMSF, or making contributions and establishing pensions from the client’s existing superannuation fund)• Class of product advice in relation to:o Superannuation productso Securitieso General insuranceo Life risk insuranceo Basic deposit productso Simple managed investment scheme