Online training
Advising and Selling
This Advising and Selling course will help you develop your understanding of the Financial Conduct Authority's (FCA) rules on advising and selling to clients and the important purpose that lies behind them.
Geography Covered: Global Duration: 20 minutes
Summary
The trust of customers in the financial services industry has eroded over time as a result of firm misconduct in the course of advising and selling. In an effort to restore that trust, the Financial Conduct Authority (FCA) has enacted rules to ensure that firms are advising and selling in a fair and appropriate manner.
These rules set requirements for various advising and selling activities, including providing information about the firm, gathering information about the client, client classification, supplying reports with suitable recommendations, making adequate disclosures and more. Penalties for non-compliance with these advising and selling rules are severe and can include large fines, expulsion from the industry, reputational damage and even closure of the firm.
The topics covered in the course include:
- Background on advising and selling rules
- Explanation of investment advice
- Information about the firm
- Knowing the customer
- Suitability
- Disclosures
Try a course and see how easy it can be to keep your employees up to speed