Become a Corporate Authorised Representative

Organisations or companies holding a license (AFSL) are able to legally provide the full range of financial services, including providing advice on investments and financial products such as savings plans, pensions, RSA products and insurance or selling products directly to clients. They are also permitted to act as investment managers and can look after a portfolio of investments for clients and engage in dealing activities. They can invest and sell stocks, shares and commodities on behalf of their clients, alter financial products or underwrite securities and interests. Many also deal in foreign exchange contracts, securities and off-market Over-the-Counter (OTC) derivatives.

Since it is possible to sub-authorise individuals, some of these companies offer a programme under which they agree to train and appoint a corporate authorised representative under the terms of their license, allowing individuals to become accredited by the Australian Securities & Investments Commission (RG146) and start to offer some or all of the financial services provided by the licensee.

There are a number of benefits to talking this route to becoming accredited and fulfilling ASIC obligations. If you sign a contract to act as a corporate authorised representative and provide financial services under its license, the company will usually provide a full training program to teach you about the financial products, the benefits and drawbacks of each and will provide you with the knowledge you will need to be able to deal successfully.

Many even provide dedicated one on one support during training to make becoming accredited as easy as possible. It is worthwhile looking for a company that does offer this service as it makes it far easier if you ever need some assistance, and being trained one on one means you are able to take things at your own pace. This can be especially important when learning the ins and outs of some of the more complex products such as derivatives. You may also be able to carry on with training after becoming accredited to help you provide a better service to clients or develop your own business. Many companies offer a range of optional continuing professional development training sessions to its corporate authorised representatives, making it much easier than going it alone.