MD Parvez Alam

Reference number: 971016

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Appointed representative

MD Parvez Alam does not hold FCA authorisation of their own, and acts under a principal firm, which is legally responsible for their regulated business.

Responsible principal firm

Beneficial Ltd Reference number: 736655 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • MD Parvez Alam (FRN 971016) is an AR of Beneficial Ltd (FRN 736655). When you use MD Parvez Alam's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from MD Parvez Alam, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

  • No website on the FCA register

  • Phone number

    07487 723947

  • Address

    3rd Floor, Cairo Studios, 4 Nile Street, London, Hackney, N1 7RF, United Kingdom

In the full report: 2 background checks

  • What kind of line 07487 723947 is
  • Who else gives the postcode N1 7RF
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Other names (2)

If you were contacted under any of these names, it is this firm.

  • Prism Private Finance Trading name
  • UKBTL Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Beneficial Ltd, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Key dates in its history

MD Parvez Alam’s history from the FCA register and Companies House, newest first.

2023

3 November 2023

  • Began trading as "UKBTL"

FCA register

2022

30 March 2022

  • Began trading as "Prism Private Finance"

FCA register

2 March 2022

  • Became an appointed representative

FCA register

Director appointments and resignations, and trading names, appear under All events.

Firms like MD Parvez Alam

Other firms of the same type (mortgage adviser or broker), nearest first.

In London

Purplebricks Mortgages LimitedLondonAppointed representativeDavid RounsfellLondonAppointed representativeEma Private Finance LimitedLondonAppointed representativeHarris ZubairLondonAppointed representativeHeather MaCaskillLondonAppointed representativeLawrence BolarinwaLondonAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on MD Parvez Alam

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 2 background checks on its contact details
  • All 3 events in its history

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Frequently asked questions about this firm

Is MD Parvez Alam FCA authorised?
MD Parvez Alam (FRN 971016) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for MD Parvez Alam?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. MD Parvez Alam (FRN 971016) is an AR of Beneficial Ltd (FRN 736655). When you use MD Parvez Alam's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from MD Parvez Alam, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is MD Parvez Alam’s phone number?
The FCA register lists the phone number 07487 723947 for MD Parvez Alam. If you were given different contact details, use these to check with the firm before going any further.
Is MD Parvez Alam a scam or clone?
MD Parvez Alam is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with MD Parvez Alam?
Protection works through Beneficial Ltd, the principal firm responsible for MD Parvez Alam's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Does MD Parvez Alam use any other names?
It trades as Prism Private Finance and UKBTL.

Sources and links

The full report on MD Parvez Alam

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