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Who owns the client ?

April 26, 2017client owns

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Who owns the client ?

2 Answers

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The IFA owns the clients. Once a client has been tagged to an IFA, even subsequently when the client goes online & trade , the commission will still be given to the IFA.

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A. You always retain ownership of the client unless you choose to sell your client bank to another Appointed Representative of HomeLoan Partnership, when you retire, for example. However, HomeLoan Partnership will have an ongoing regulatory responsibility, as determined by the FSMA (2000).