Smart Money Limited receives full authorisation

09 November 2015

Smart Money Limited (SML), the Chester based specialist secured loan and bridging distributor, has received its full permissions from the FCA and is now equipped to offer introducers a fully compliant service in the run up to the final adoption of the MCD in March 2016.

Smart Money Ltd, one of the few distributors to offer principal office facilities to brokers in both England and Scotland with full operations running in Chester and Glasgow, has already registered a record year for business completions in 2015.

According to Managing Director, Paul Crewe, intermediaries looking for the right support for their businesses leading up to and after MCD will need to ensure they are dealing with partners who can demonstrate not only competence but also that they have a proper mandate from the regulator to provide advice to clients.

He said, “We are delighted to have received the green light from the regulator. Our decision eighteen months ago to appoint a full time Compliance Director, Phil Bond, to ensure our processes were ready for full authorisation, has been more than justified. We are now in the strongest position to continue to assist our many existing introducers with a market leading service that is now fully authorised.”

Paul added, “This is also good news for our network partners as their AR’s can now be absolutely confident they are able to work with a seamless support service which is fully aligned to their own compliance protocols.”