Unrestricted Investment Advisor
The most comprehensive investment advisory licence in Mauritius — enabling portfolio management and investment advice to both retail and sophisticated investors without restriction on client type or asset class.
An Unrestricted Investment Advisor licence is issued by the Financial Services Commission under the Securities Act 2005 and grants the holder the broadest scope of investment advisory and discretionary portfolio management activities available in Mauritius. Unlike the Restricted licence, the Unrestricted Investment Advisor may provide services to all categories of investors — including retail clients — and is not limited in the range of financial instruments or strategies it may advise upon. This makes it the licence of choice for asset managers, wealth managers, and multi-strategy advisory firms seeking to serve a diverse client base from Mauritius.
Scope of Activities
An Unrestricted Investment Advisor may provide investment advice, manage discretionary portfolios, conduct investment research, and offer financial planning services to any category of client — including retail investors — without restriction on asset class or strategy.
Capital Adequacy
The FSC prescribes minimum capital requirements for Unrestricted Investment Advisors that reflect the broader scope of activities and client exposure. Capital must be maintained at all times and is monitored through periodic FSC returns.
Personnel Requirements
The FSC requires that Unrestricted Investment Advisors employ qualified investment professionals with relevant academic qualifications and industry experience. Key persons must be approved by the FSC prior to appointment.
Client Classification
Unrestricted Investment Advisors must classify clients as retail or professional in accordance with FSC guidelines. Retail clients are entitled to higher levels of disclosure, suitability assessment, and investor protection.
Compliance Framework
Licence holders must maintain a comprehensive compliance framework including a compliance officer, AML/CFT programme, conflicts of interest policy, best execution policy, and client agreement documentation meeting FSC standards.
Ongoing Obligations
Annual audited financial statements, compliance officer reports, and FSC returns must be submitted. The FSC conducts periodic on-site inspections and thematic reviews. PrimeLuxe provides comprehensive ongoing compliance support.
Ready to establish your Investment Advisor?
Our team will guide you through every step — from initial structuring advice through to incorporation, licensing, and ongoing administration.