RAMS is first brokerage in 2024 to achieve FCA approval, says NACFB
RURAL Asset Management Services Ltd has become the first brokerage this year to gain Financial Conduct Authority authorisation with the support of the National Association of Commercial Finance Brokers.
RAMS, which manages clients’ relationships for its sister company Rural Asset Finance, a specialist lender to Britain’s farmers, recently achieved full regulatory permissions to act as both broker and lender.
“We’re delighted to have achieved this authorisation,” says Rural Asset Management Services head of legal and compliance Andrew Carrier, pictured below. “This will empower us to offer our loyal customers a more comprehensive range of financial products.”
Rural Asset Finance CEO and founder Matthew Smart agrees. “As well as reassuring our clients and potential customers of our professionalism, rigour and reliability, the FCA authorisation is a further step in the development of our business, enabling us to support even more farmers to access funds that will help them grow their businesses in these challenging times.
“As farmers ourselves, we understand those day-to-day challenges and are therefore trusted by our clients across the sector. This authorisation will help us give our colleagues in the agriculture industry every opportunity to create revenue streams that sustain their farms for generations to come.”
Rural Asset Finance is a specialist direct lender to farmers and other British rural businesses for food production, diversification, green energy and sustainability and innovation projects.
NACFB compliance manager Charlotte Mathieson congratulated Rural Asset Management Services and encouraged other organisations to follow their lead. “Firms seeking to operate within the regulatory framework are encouraged to seek NAFCB assistance to help them with their journey.”