Straker Financial Services

The SFS Partnership Scheme Agreement

Thank you for taking an interest in partnering us. One of our support team will be in touch soon.

Enter the name of your contact at Straker Financial Services or enter "Scott S" if you are a direct introducer for the company.

Use this section to expand on any answers you have given or to inform us of any additional information we may need to know or you think would be of interest to us.

Straker Financial Services will hereinafter be “the firm”

Partner name (your name) will hereinafter be “the introducer”

This Agreement is in respect of the introduction of clients by the Introducer to the Firm. The client will become the Firm’s client for financial services and they undertake to retain records of business arranged in accordance with the requirements of the Financial Conduct Authority.

The Introducer is making introductions with a view to the provision of advice on regulated mortgage contracts generally; these are excluded activities under Articles 33 and 33A of the Regulated Activities Order. It is the Introducer’s responsibility to ensure that the conditions for meeting these exclusions are adhered to.

The Introducer will be responsible for disclosing to the introduced clients any payment or other reward or advantage received from the Firm for making the introduction.

If the Introducer is not eligible to receive any payment (other than money due on its own account) in connection with any transactions arranged as a result of the introduction, it must notify the Firm of this. In this event the Firm will either make payment due directly to the introduced client or reduce the cost of the service by the same amount.

The Introducer and any of its employees may not, and hereby agrees not to, advise clients about mortgage products.

The Introducer will not hold itself out as having any other relationship with the Firm other than that of an introducer of potential or existing clients.

Each party to this agreement will carry out their duties to the highest professional standards and neither party will act in such a way as to bring the other party into disrepute.

The Firm and their Registered Individuals hereby agree to advise present and future clients introduced by the Introducer in a manner consistent with their current standard disclosure documentation, which will be issued to each introduced client. The Firm and its Registered Individuals shall undertake to maintain the highest possible standard of service, professionalism and integrity in connection with advice given to and conduct of business undertaken for clients introduced by the Introducer.

The Firm is permitted to provide advice on and arrange transactions in Mortgages contracts. Our FCA reference number is 939746.

The Firm agrees to pay the Introducer 25% of the procuration fee (commissions received from the lender) where this results in a transaction being arranged on behalf of the client. This agreed fee shall be paid to the Introducer immediately after the payment for services is received by the Firm. All mortgage related payments will be retained by the Firm.

The Firm is a Data Controller under General Data Protection Regulation and undertakes to adhere to the requirements of the regulation in all matters relating to clients introduced by the Introducer, and to treat personal data with the utmost confidentiality. Introductions should only be made after the Introducer has obtained the client’s consent to this and the forwarding of any personal data.

The Introducer shall allow the Firm, and if necessary the Financial Conduct Authority, access to all relevant information retained by the Introducer concerning all introduced clients and will cooperate fully in any investigations. Any complaints received by the Introducer concerning any introduced client’s business will be immediately notified to the Firm. The Firm will be responsible for the investigation and resolution of these complaints. The Introducer shall not otherwise divulge information relating to any client’s business. The requirements set out in this paragraph shall not be affected by the termination of this Agreement in accordance with the below paragraph.

This Agreement may be terminated at any time without penalty by either party giving notice via email to that effect to the other party, or upon the Firm ceasing to conduct financial services business. Such termination will not affect the rights of either party in respect of financial services business already completed or in the process of being completed by the Firm for clients introduced by the Introducer.