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AR Requirements
WealthKernel offers an Appointed Representative (‘AR’) service as an ancillary service to its main investment business. This is intended to assist firms in setting up their investments service without the need for them to complete the timely exercise of seeking FCA approval in advance.
However, there are certain criteria that a firm must meet before they can be considered a viable candidate for WealthKernel’s AR service. The AR entity must:
have at least 1 year's financial runway. This money must be held in a firm bank account. Once trading as an AR of WealthKernel, it will remain a requirement that the firm must maintain at least a 6 month runway. Failure to meet this requirement will result in WealthKernel
