True Potential managing partner David Harrison today met with FSA executives to discuss ways to speed up the application process for firms seeking direct authorisation.
The support services provider, which is handling the application process on behalf of new members, says the average authorisation time is approaching six months.
Among Harrison's suggestions for quickening the process was enabling firms to apply electronically.
True Potential says it has overseen completed applications for 90 firms so far in 2010, but that 197 cases remain pending.
Senior partner Daniel Harrison says: "We need to speed up an application process that used to take six weeks but now takes six months. It is the sheer quantity of applications the FSA is handling."
As many as 240 advisers previously with censured - and now closed - IFA Park Row are still awaiting re-authorisation, even though the national firm de-authorised them in November last year.
Meanwhile, True Potential says it has turned over more than £84m so far in 2010 and expects to post a figure approaching £130m for the year as a whole.
It says it has recruited 263 firms year-to-date, with a record 52 taken on in June.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created