financial adviser
- 42(a) an individual appointed by an independent intermediary or by its appointed representative or where applicable, tied agent, to provide any or all of the following services:
- (i) giving advice on investments to clients;
- (ii) arranging (bringing about) deals in investments or executing transactions involving, in each case, designated investments with or for clients;
- (iii) managing investments;
- (iv) receiving or holding client money or other client assets;
- (b) For the purposes of this definition, an independent intermediary is a firm acting as an intermediary but excluding:
- (i) a firm which is a member of a marketing group;
- (ii) a product provider which sells its own packaged products.