Rimbal subsidiary Preference Financial Services Limited has today been authorised by the Financial Conduct Authority with FRN 836465 following a nine-month authorisation process with the FCA.
Preference was formed to service financial advisory businesses who have a simple and low-risk business model and that seek a proven and turn-key solution that utilises centralised systems, processes and investment solutions. Preference is also seeking to better service a broader spectrum of clients including the 9 in 10 adults in the UK who currently don’t have access to financial advice.
The benefits of the Preference proposition include that it is low cost, low risk and has proven operating model and network proposition with fungibility between ‘sister’ IFA Network ValidPath.
The authorisation of Preference is an important milestone for Rimbal and a step towards empowering a broader spectrum of people to achieve their financial goals.