Restricted Investment Advisor
A targeted investment advisory licence restricted to sophisticated and professional investors, offering a streamlined regulatory pathway for boutique managers and specialist advisory firms.
A Restricted Investment Advisor licence is issued by the FSC under the Securities Act 2005 and permits the holder to provide investment advisory and portfolio management services exclusively to sophisticated or professional investors. The Restricted licence carries lower capital requirements and a more streamlined regulatory framework.
Eligible Clients
A Restricted Investment Advisor may only serve sophisticated investors — typically high-net-worth individuals, institutional investors, and professional counterparties meeting prescribed thresholds.
Capital Adequacy
The FSC prescribes lower minimum capital requirements for Restricted Investment Advisors compared to the Unrestricted licence.
Scope of Activities
The Restricted Investment Advisor may provide discretionary and non-discretionary portfolio management, investment advice, and investment research to sophisticated clients.
Personnel Requirements
The FSC requires that key personnel hold relevant professional qualifications and demonstrate appropriate investment management experience.
Compliance Framework
Licence holders must maintain an AML/CFT programme, compliance officer, and client documentation meeting FSC standards.
Licensing Process
Applications are reviewed by the FSC with focus on the business plan, financial projections, compliance framework, and qualifications of proposed key persons.
Ready to establish your Investment Advisor?
Our team will guide you through every step — from initial structuring advice through to incorporation, licensing, and ongoing administration.