Pre-Application Assessment

Has it been your goal to obtain your own Australian Financial Services (AFS) licence? Would you like to find out whether you might be accepted without spending the application fee or the time and money to prepare the application? Have you ever wondered whether you have what it takes?

Applying for your AFS Licence can be an extensive and exhaustive process that will consume much of your valuable time and resources – all of which will be wasted if you are not a suitable candidate. But how can you tell if you are an appropriate applicant? How can you easily identify any potential gaps that might prevent you from getting your licence now? What would your plan be to overcome the gaps so that you can apply in the future and be successful?

To help advisors and brokers discover whether they could be a potential AFS Licence holder, Acompli developed “Pre-Application Assessment,” a service designed to assist potential AFS Licence applicants. This service will help to determine if you and/or your partners make good candidates now. If not, Acompli will help you create a plan to reduce the possible objections to your present candidacy so that when you are ready to apply, you can be more assured that you can satisfy the requirements of the Australian Securities & Investment Commission (ASIC).

Key Features

An Acompli Consultant will help you:

Determine if you meet ASIC requirements to be an appropriate applicant
Determine what licence conditions are best suited to you according to your qualifications, experience, etc.
Identify potential gaps that might prevent you from applying at the present time
Develop a plan to comply with ASIC requirements for obtaining an AFS licence

Benefits and Value

Our “Pre-Application Assessment” service will:

Save your time and resources by applying for an AFS Licence only when you will make a good candidate
Save your time and resources by ensuring that you apply for the type of AFS Licence suited to you
Ensure that you are aware of ASIC’s latest expectations of Licence holders
Help you with any queries or concerns you may have about the application process or requirements
Ultimately, provide peace of mind throughout your application process because you know that you are a suitable
AFS Licence applicant

Service Specifics

An Acompli Consultant who is thoroughly knowledgeable about the AFS Licence application process will meet with you. They will ask specific questions about you, your partners and your business and business plans.

Prior to your initial meeting with an Acompli Consultant, you may be asked to have available an assortment of documents that will help determine your appropriateness to be an AFS licensee. Examples of these include qualifications, experience, financials, etc.

During this consultation, if the outcome is that this is not the best time for you to apply for your AFS licence, Acompli will help you plan how to satisfy any competencies you must demonstrate to ASIC when applying in the future.

If/when you are deemed to be a suitable AFS Licence applicant and choose to go ahead with the application, Acompli can help you navigate the application process through our AFS Licence Service. Having Acompli manage your AFS Licence application will save you further time and resources on a lengthy process.