In the field of wealth management, this status is regularly used by wealth advisors or business introducers wishing to support their clients on financing issues without directly holding the status of independent broker.

The MIOBSP is one of the regulated categories registered with ORIAS.

What is the role of a MIOBSP in wealth management?

In wealth management, the MIOBSP primarily intervenes on financing-related matters.

They can support clients for:

• a mortgage;
• a rental investment;
• SCPI financing;
• a wealth loan;
• debt consolidation;
• professional financing;
• cash flow solutions.

The MIOBSP generally analyzes the client’s project and directs them toward solutions offered by the principal intermediary for whom they act.

In certain wealth strategies, financing constitutes an important lever for optimizing the building or development of wealth through the leverage effect of credit.

What is the difference between MIOBSP and COBSP?

The main difference concerns the level of independence.

The COBSP (Broker in Banking Operations and Payment Services) generally acts independently and works with several banking institutions.

The MIOBSP, on the other hand, acts on behalf of a principal intermediary to whom they are attached.

In the wealth sector, some professionals start under the MIOBSP status before obtaining their own broker registration.

The MIOBSP therefore has a more supervised framework of intervention than that of an independent broker.

Why is the MIOBSP status common among CGPs?

In the field of wealth management, financing issues are omnipresent.

Wealth advisors often use the MIOBSP status in order to support their clients on matters such as:

• real estate investment;
• wealth credit;
• leverage effect;
• SCPI financing;
• cash flow optimization;
• wealth restructuring.

This status allows financing to be integrated into a comprehensive wealth strategy without necessarily creating an independent banking brokerage structure.

Many CGPs thus combine several regulatory statuses:

• CIF;
• IAS;
• MIOBSP;
• real estate intermediary.

Must the MIOBSP be registered with ORIAS?

Yes. Like all intermediaries in banking operations, the MIOBSP must be registered with ORIAS.

This registration makes it possible to verify:

• the regulatory status;
• the validity of the activity;
• the identity of the principal;
• certain professional guarantees;
• administrative compliance.

Before any major financing transaction, it is recommended to verify the professional’s ORIAS registration.

What regulation governs MIOBSPs?

MIOBSPs are governed by the Monetary and Financial Code.

They must in particular:

• comply with disclosure obligations;
• clearly present their role;
• act within the framework of the mandate entrusted;
• comply with borrower protection rules;
• provide transparent information about their compensation.

In the context of a wealth strategy, these obligations are important because financing transactions can have significant consequences on clients’ wealth and borrowing capacity.

Why use a MIOBSP?

Using a MIOBSP can provide support in finding financing solutions suited to a wealth project.

In particular, the professional can help to:

• structure real estate financing;
• study the feasibility of a project;
• integrate credit into a wealth strategy;
• optimize the leverage effect;
• simplify certain administrative procedures.

Since the use of financing is often strategic in wealth management, the support of a professional can provide real added value.

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