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Members/Advisors |
| 1. |
Can you guarantee that the independent broker will be able to remain independent? |
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Members will retain their business terms with the companies they choose. |
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| 2. |
Can a broker retain contracts with non-supporting product providers? |
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Yes. |
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| 3. |
Is a broker required to write business for the Product Partners? |
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Members are required to support Masthead Product Partners. However, members retain their own business terms with the companies they choose, and Masthead membership does not preclude the independent broker from writing business for other product providers. |
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| 4. |
What exactly will be the impact on the costs of compliance - will they be passed on to the consumer? |
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No, these costs will not be passed on to the consumer. In fact the consumer will benefit from knowing that they are dealing with a financial adviser who is fully prepared for FAIS. |
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| 5. |
If a broker is not a member can he/she attend Masthead events? |
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No. |
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| 6. |
How will the member qualify for shares? |
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As a member of Masthead, member brokers qualify to purchase shares in Masthead. |
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| 7. |
Can a broker join Masthead if he/she is a member of another association? |
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A broker cannot be a member of competing network/association or service offering. For example, a broker who has contracted for compliance through another compliance service provider cannot be a member of the Masthead Financial Advisers Association. |
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| 8. |
What exactly will be the impact on the costs of compliance - will they be passed on to the consumer? |
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No, these costs will not be passed on to the consumer. In fact the consumer will benefit from knowing that they are dealing with a financial adviser who is fully prepared for FAIS. |
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