This is a company or person that only advises on products from one single provider.

Term used to describe tied agents of a product provider. Although tied to selling the products of one company, they retain their own business identity e.g. state agents and building societies.

A person conducting investment business, but exempt from the need to seek authorisation. The responsibility to control these persons, typically self-employed individuals, is borne by an authorised person. The more formal name for a Tied Agent. See Polarisation.

A self-employed individual or a firm that is contracted to sell the products of a particular authorised firm. The representative is exempt from obtaining his own authorisation. Appointed representatives can only advise on the investments offered by the particular product provider, its marketing group and other adopted products.