Let us run our keen eye over your written suitability reports and financial advice files. We have vast experience in undertaking financial advice audits and can spot any areas that you might need to tighten up. Nobody wants compliance breathing down their neck. At the same time no client, or the FCA, wants to read a dry list of generic risk warnings. Our financial advice audits focus on ensuring your written suitability reports are doing exactly what you need them to do. In essence satisfying the FCA that you are providing suitable advice and in a manner that your customers can understand.
Happy customers plus a happy FCA equals happy adviser! Remember you are not here to make a compliance consultant happy!
Ever wondered what other financial advisers were doing with their files? Ever wanted to have a quick look to ensure your files were in the best place possible? Well, we’ve looked at thousands of files over the years. And we’re here to give you the benefit of our experience by implementing financial advice audits on your files. Your financial files need to hit certain standards in terms of compliance. But it’s also about so much more than that. In the modern day of GDPR, there is a chance that your client can request the details of what you have about them on record. And you will only have a short window of time to produce this. Your file isn’t in order? Well, this will only take longer to produce, possibly missing the deadline with all the problems that can arise from this.
Your file serves the purpose of telling the story of you and your clients. Your file should be in the right place for you pick up again with that client at any stage in the future. Also, someone else in your organisation should be able to pick it up and carry on with the advice you’ve given. But that’s not always the case. Which is the whole purpose of our financial advice audits, helping you deliver quality and compliant financial planning.