Become an authorised representative under Avenir Capital's AFSL to fast track the launch of your financial services business

A Corporate Authorised Representative (CAR) is a company or organisation that has been granted permission by an Australian Financial Services (AFS) licensee to provide financial services to clients on behalf of the licensee. The CAR acts as an agent of the AFS licensee and is authorised to provide specific financial services outlined in their agreement with the licensee. These services may include financial advice, investment management, insurance broking or dealing in financ

I wish I had a dollar every time I saw an email pop up with the subject line "is your AFSL for sale?" !!!! As a team, we know what it's like... we've been there... you've got an exciting plan to launch a new fund or financial service but the reality of compliance and ASIC regulations quickly takes the wind out of your sails and sadly buying someone else's AFSL is not an option. If you're currently operating outside of Australia, let me just explain first of all.. an AFSL is a

(Our Avenir Capital founder at a party!!) An Australian Financial Services License (AFSL) is required when providing advice or services related to certain financial products, such as securities, derivatives, and superannuation. This is a regulatory requirement set out by the Australian Securities and Investments Commission (ASIC). There are severe penalties – we’re talking fines to imprisonment – for people who do not comply with the rules, and that can stretch to anyone asso

AFSL Compliance!! We know it's not pretty, it's not fun & doesn't get you out of bed in the morning, but it's critical for running a fund in Australia & market and regulator expectations have increased significantly in the past year. In the past 18 months we have seen ASIC increasing its scrutiny against non-complying Australian financial services (AFS) licensees and a number of investment funds and licensee holders have found themselves under the spotlight. When a company is

There are many obligations of being an AFS Licensee from holding adequate professional indemnity insurance, maintaining a minimum level of net tangible assets, being able to produce regular cash flow projections to ensure the availability of sufficient financial resources to meet obligations on an ongoing basis through to multiple requirements mandated by law and ASIC policy. So it's not surprising that many investment professionals seek out the services of an AFSL licensee.