Is one-on-one investment advice from a quasi-investment advisory business legal?

According to the Financial Supervisory Service, since July 2024 quasi-investment advisory businesses may make recommendations only through one-way channels in which the other party cannot type messages, and only registered investment advisory businesses may operate through two-way channels.

If you want one-on-one investment advice, first check whether the business is a registered investment advisory firm and confirm its name and the identity and contact details of its operator. You can check registration using the regulated financial company search on the financial consumer information portal 'FINE'.