What Is a Letter of Undertaking?

A letter of undertaking is used by an individual company, or broker, for raising finances for a specific initiative, and will also highlight the issues and responsibilities of the broker. Find out more about letters of undertaking, like how they are kept on file with the authorities and Securities and Exchange Commission, with tips from a registered financial consultant in this free video on finance and investment.

About the Author

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and brokerage industries. His goal for providing personal service to the senior market began in 1997 after the founding of NorthStar Financial Advisors. Munro provides highly personal service to clients all over North and South Carolina, helping them to identify tax savings through various safe financial products, and utilizing the various tax strategies available to seniors to protect their assets. In addition, Munro helps many clients eliminate the financial threat of long-term care and offers ways to avoid the unnecessary difficulties of probate court. Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.