Authorised and regulated by the FCA and the National Futures Association in the United States.
Price:
Asking price: £390,000
Registration of changes & submission of the new owner for FCA approval: £10,000
Q & A:
- Are there are any assets, software?
- No, the Seller is not selling our proprietary investment strategy and software, and doest not selling assets under management. The Seller intend to novate existing business to a new firm and sell the “empty shell” with all its regulations and permissions (please note The Seller is currently in the process to remove the permission to manage retail money)
- Was a company operational or zero history?
- Is in operation since January 2012
- Any active bank accounts?
- Yes, the Company bank with HSBC (GBP, EUR, USD) and TransferWise (USD)
- Any existing agreements with brokers / liquidity providers / other service providers?
- The Seller is currently using RJO’Brien and Interactive Brokers for execution and Morgan Stanley, ADM, and RJO for clearing. In the past the Company also used Goldman Sachs International.
- Any personnel & office to stay?
- The current management team of three is available to stay onboard to continue operating the business. However, the Company would not do the sales or origination but does the risk management, compliance, administration and finance of the firm. All operations are in the cloud and the Company use Office 365 and do not operate a physical office which saves costs. We can onboard new business from the Buyer the day we sign the purchase agreement, day-1 operational.
Requirements:
- May control but not hold client money
- BIPRU firm MiFID activity restriction
- Small Authorised UK AIFM (Sub-Threshold)
- When dealing with retail clients, the firm may not carry out the investment activity of Contracts for Difference (including rolling spot forex).
Competences of the Company:
1. Managing an unauthorised AIF
Dealing in investments as agent
Customer Type: Eligible Counterparty, Professional, Retail
2.Managing investments
Customer Type: Professional, Retail
3.Advising on investments (except on Pension Transfers and Pension Opt Outs)
Customer Type: Eligible Counterparty, Professional
4.Arranging (bringing about) deals in investments
Customer Type: Eligible Counterparty, Professional, Retail
5.Making arrangements with a view to transactions in investments
Customer Type: Eligible Counterparty, Professional, Retail
The information presented in this section is provided for general informational and B2B purposes only. Licensed or regulated companies listed here may be offered for sale by their respective owners or other third parties.
The Company does not sell, issue or provide licences, authorisations, registrations or the underlying regulated services. Any existing licence, registration, authorisation or regulatory status remains subject to applicable law and, where required, regulatory approval, notification, change-of-control, re-registration or other procedures imposed by the competent authority.
The Company acts solely as an independent provider of legal, consultancy and transaction support services and may assist with due diligence, transaction structuring, documentation, ownership transfer, re-registration and related legal or regulatory support.
No listing constitutes financial, investment or brokerage advice, or a guarantee that any licence or regulatory status may be transferred, maintained or used by a prospective purchaser.