Expert Investors

If you are an expert investor, as defined by the FSA, there are less compliance constraints on the advice we can offer you

On the information you have given us, we have categorised you as a Professional Client, as defined by the FSA, by reason of your experience and understanding, in relation to investments in securities and collective investment schemes in the United Kingdom or elsewhere. As a consequence of this categorisation, you will lose the protections afforded to private customers under the rules of the Financial Services Authority. Although not an exhaustive list of the protections you will forego, this notice sets out some of the protections you will lose.

Financial promotions - The restrictions on financial promotions that apply to private investors will not be applied in communications with you.
Risk warnings and investing traps - We will not be obliged to warn you of the nature of any risks involved in any transactions we recommend for you.
Prior disclosure of charges - We do not need to inform you in advance of the charges applicable to the services we will be providing.
Suitability - By reason of your experience and understanding, the protections of the rule on giving suitable advice will not apply to any recommendation we make to you or organisation that you represent.
Packaged products - We are not required to send you the detailed information available to private customers when dealing in collective investment schemes and life products, nor to disclose our status.

Please note that your rights to sue Professional Investment Tools Ltd for damages under the Financial Services and Markets Act 2000 will be restricted as you will only be able to sue for breaches of obligations owed to you which will not include the private customer protections outlined above. You will also lose the right of access to the Financial Ombudsman Service of the Financial Services Authority.