Becoming directly authorised by the FCA

January 14, 2015

A new year, and a bit of a new start for us.

We made the decision in 2014 that we would like to make the move from being authorised and regulated through a third party principal to having a direct relationship with the Financial Conduct Authority (FCA). The FCA regulates firms and financial advisers to make sure that we’re all operating honestly and fairly, giving you the peace of mind you need.

As with any change like this, there were a number of steps we had to take as a firm to get ourselves ready and we’re now pleased to announce that the transition is complete.

There were a number of reasons that we chose to move in this direction:

  • Having a direct relationship with the FCA means we can get work processed more quickly since we’re not going through a ‘middle-man’, meaning better service for you
  • Because turnaround times will be reduced, we’ll be able to answer your questions about industry changes more quickly through our blog and news articles
  • We can get on board with social media to share news and updates instantly and connect with potential customers in a new way – more news on this coming soon!

But perhaps the most important reason for us is that this direct relationship enhances and reinforces our independent status. We’ll have a bit more freedom to ‘be ourselves’. The reason we set up GreenSky Wealth in the first place was so we could do things our way – clear, honest, transparent advice delivered to customers that we take the time to get to know.

Direct authorisation is good news for you too – we’re talking directly to the people who take care of our industry on behalf of the general public so you can be sure we’re acting in your best interests.

We’re looking forward to making the most of our new status in 2015. It’s going to be a good year!

 

This article is for general use only and is not intended to address your particular requirements. It should not be relied upon in its entirety and shall not be deemed to be or constitute advice.

GreenSky Wealth Limited is authorised and regulated by the Financial Conduct Authority. FCA No. 629624. Registered Office as above. Registered in England and Wales, Company No. 07103441.