By Charlotte GAUCHON
18 June 2025
The Financial Investment Adviser (FIA) is a key player in wealth management and investment advice. Their role is not confined to traditional financial instruments; it also extends to advising on transactions in miscellaneous assets, those atypical investments (wine, works of art, containers, etc.) for which the framework has become increasingly complex. It is vital to understand the scope of the FIA's activities in this area, as it affects both the FIA's responsibility and the investor's security. Under the regulations governing intermediaries in various goods (IBD), the provision of advice by an FIA is subject to specific rules that need to be clarified. The status of financial investment advisers (FIAs) in relation to miscellaneous assets The Monetary and Financial Code explicitly authorises FIAs to advise on transactions involving miscellaneous assets. This authorisation is not simply an option; it is accompanied by a body of obligations designed to protect the customer...
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