Key changes

Under the existing agreement(s) between JM Finn and your firm (the intermediary) we are required to adhere to regulations and maintain records which can be shared upon request.

As part of that agreement, JM Finn has provided the target market for our service which you are required to agree to.  For intermediaries signing up for our Tailored Platform Solution (TPS) service we would consider them to be co-manufacturers of the product with us whereas for those using our Managed Portfolio Solution (MPS) and Indirect Discretionary Portfolio Managed Services they would be classed as distributors.

Where necessary, we will request reasonable, anonymised evidence from you to allow us to assess that our managed portfolios are being distributed to the target market identified. In order for us to do this we will require you to provide us with data that sets out how the underlying clients meet with the identified target market and evidence of any underlying clients that fall outside of the target market or fall into the identified negative target market. For our Indirect Discretionary Portfolio Management Service, it is your responsibility as the intermediary to inform us of any changes to the clients circumstances, objectives or risk tolerance in a timely manner.

For our TPS and MPS services it is your responsibility to ensure that the appropriate model is selected for the client if their circumstances change, and that they remain within the correct risk profiled model. We will request the anonymised evidence this information on a semi-annual basis.  In the event that we identify any changes that may need to be made as a result of our assessment of the information provided, we will discuss this with you.