Being DA with New Leaf

Directly Authorised Benefits

Support Package

  • Full risk rated compliance support - this includes supervised meetings based on risk rated permission area.
  • Risk rated audits quarterly.
  • Automated CPD system.
  • Access to personalised advisor centre - New Leaf TV channel/content for blogs/T and C/CPD log/Research centre/Up to date compliant info and content.
  • Reg data returns (£500+vat each).
  • PII arranged at preferred rates.
  • Access to diamond club for the mortgage lender aggregation.
  • Access to zenith club for the protection aggregation (non loaded rates).
  • Direct access to our commercial panel all at preferred rates. (All of these are direct to lender and not through packagers or master brokers).
  • Pre application sign off for equity release cases.
  • Research desk for specialist finance/commercial/bridging.
  • Post application cross check. (All cases pre and post application approved).
  • Risk rated file checks for all permission areas.
  • Full T and C system.
  • Inclusive of T and C manual and document library.
  • New Leaf TV channel.
  • CPD tool - skill cast
  • Complaints handling service.
  • Business coaching and business development and recruitment of advisors into the business.
  • Attendance to all New Leaf events on line and in person.
  • SARS report handling service.
  • Access to technical and legal desk for advice.

Training and compliance support in all profit centres

  • Pure protection and general insurance
  • Business protection
  • Mortgages (regulated and non-regulated)
  • Commercial Mortgages - Owner Occ/Term/semi commercial
  • Specialist finance - MUB/Portfolios/HMO etc
  • Buy to let
  • Bridging (non reg and reg)
  • PMI (Healthcare)
  • Equity Release
  • RIO mortgages
  • Asset Finance
  • Investments and pensions (where applicable)
Fees
  • Mortgage broker £450/month + VAT.
  • IFA - £1500.00/month + VAT. Inclusive of unlimited paraplanning
  • IFA without paraplanning £900/month + VAT.
DA advisors will be required to purchase all systems outside of this arrangement.
Capital Adequacy Requirements

Capital adequacy for mortgage and protection firms is the higher of £5,000 or 2.5% of the annual income from insurance and mortgage business.

Capital adequacy for firm wanting the pensions and investment permissions is the higher of £20,000 or 5% of relevant income i.e. regulated income.

The firm will need to provide: -

  • 3 yr. cashflow forecast
  • Last year's accounts
  • Statements of Responsibility for each director/ partner/ prescribed responsibility if not already a director
  • Form As
  • CVs
  • Confirmation of DBS standard checks
  • Regulator references
  • Where relevant, controller forms
  • Personal assets and liability statements
  • Business plan
  • SPS
  • Evidence of qualifications
  • PI quote

Application to the regulator will be charged at £1750 + VAT.

The regulator will also charge £2500 + VAT for the application.

Being DA with New Leaf - Enquiry Form