Licence Application &
Transition Support
An end-to-end detailed project plan with dedicated project management to ensure a smooth transition to your own licence
AFSL Application
- Guidance on AFSL business structure
- Assist with completing the AFSL Application Form and Responsible Manager Data Collection Form
- Guidance regarding core proofs required, declarations and certificates
- Guidance regarding Responsible Manager education and experience
- Assistance with additional ASIC requirements
- Review of draft Licence
Ongoing project management
- A detailed project plan capturing all the tasks to transition to your own licence
- Regular Transition Meetings to assist with tasks, capture actions, risks, and key decisions
- Transition tools and templates
Introduction to Key Partners
Introduction of key partners to set up critical aspects of your AFSL:
- Professional Indemnity Insurance
- Compliance
- Research
- Technology
- Marketing
Support and guidance with key transition milestones
Licence Transition
- AFSL Application
- Professional Indemnity Application
- Cyber Security Cover
- Exiting current licensee and requirements
- Appointments and Registrations
- Establishing new Compliance and Investment Management Framework
Business Transition
- Services & Systems set up
- Revenue & Fees transfer
- Financial Planning Software Migration
- Payments System Migration
- Managing Change
- Communication and Engagement Management
- Client communication & transition
Support with transferring your clients, revenue and fees from your current licensee to your new AFSL
- Revenue & Fees Transfer Plan that outlines your requirements to set up with each provider
- Templates:
– Email for Providers to action transfer.
– Bulk release letter
– AR certificate
– Acceptance letter - Training for revenue and fees transfer
We’ve just been supported through the application process for our own AFSL by the team at The Principals' Community and were thoroughly impressed by the experience. The support received from Luke Carrington, Brian Pollock, and the entire team has been nothing short of first-class! In addition to this, we’ve had the pleasure of attending several events and training sessions organized by The Principals' Community, and the whole community environment has been exceptional. Given our positive experience, we highly recommend that anyone running their own AFSL reach out to The Principals' Community to learn more about their services!
Luke Palmer
Elevate Advice Group
The transition to becoming self-licensed as a practice with 4-5 advisers was initially daunting, especially coming from a large licensee. However, the level of support and comfort provided by The Principals' Community (PC) has been nothing short of amazing. PC guided us through the process of getting up and running, and their ongoing assistance with governance and support has been invaluable.
One of the most remarkable aspects of PC is the sense of community, both before and after joining. The sharing of experiences and insights from other members, representing a variety of differently sized AFSLs, has proven to be extremely valuable. This collective wisdom has helped us navigate the challenges and leverage the opportunities that come with being self-licensed.
We are truly grateful for the support and camaraderie that PC offers, and we highly recommend their services to any practice considering the transition to self-licensing.
Daryl Johnstone
Templeton Advice Group
Other services:
Community Membership
Governance Support
Education and
Engagement
Licence Application & Transition Support
Scale
