Financial Investment Advisors (FIAs)

These regulated professionals must choose between two statuses:

• Non-independent FIA
• Independent FIA

According to an AMF brochure intended for individual investors,

If investment advice is provided on an independent basis, your FIA:

• must offer you a sufficiently broad and diversified range of financial investments from different providers and companies with which it has no legal ties;
• must not be remunerated by the institution that manages the product it recommends to you. If it is, it must pass on to you the amount or benefit it receives;
• charges you advisory fees for the payment of its advisory services.