IFA credentials

Marnico

I have been receiving some financial/pensions advice from an IFA employed by Sebastian & St James. The advice seems very credible, but the firm is registered in Dublin and regulated by the Central Bank of Ireland - does this have any implications I should be aware of ?

LHW99

Looking at the registration at
https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000WBPFSAA5
they appear to act as representatives of several other firms.

Marcon

Have you asked them? They are best placed to tell you - and should do so if you ask.

Marcon

LHW99 wrote: »

Looking at the registration at
https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000WBPFSAA5
they appear to act as representatives of several other firms.

Different firms - one is 'International' the other 'UK'.

dunstonh

does this have any implications I should be aware of ?

Brexit would be the obvious one. The EU has already confirmed that passporting will end. That allows UK financial firms to operate in the EU and EU financial firms to operate in the UK. So, without passporting, firms will not be able to transact into each others markets without opening an office in each jurisdiction and becoming regulated in each jurisdiction.

A small firm like this is not going to have much, if any, internet coverage. However, firms that market themselves as "international" tend to focus on ex-pats or those that fall under multiple jurisdictions.

Are you dealing with the UK firm or the Dublin firm?
The UK firm is an appointed rep of Tavistock Partnership (that would be a query as most networks have stopped being IFA now and gone restricted). The network holds passporting permissions into the EU.