Financial Advice Compliance Advisory Services

For smaller financial advice providers (FAPs) that do not have the scale or budget for a dedicated compliance team, we can provide a monthly or quarterly ongoing compliance assurance service. This service incorporates regular sampling of advice engagements, and periodic document reviews to support effective compliance and includes reporting of the outcomes (and advice to plug any gaps) to your management or governance body. 

We can support larger firms (on a six-monthly or annual basis) by providing an independent, external review of the completeness and effectiveness of your policy, process, system and control environments.

We can help your business to put in place financial advice policies and processes that support compliant practices. This includes aligning and advising on best practice, at the same time ensuring that your processes are appropriately scaled to the size and nature of your business. 

We can also guide your through the development of a Compliance Assurance Programme (CAP). The CAP is an important document to help demonstrate that you have adequate and effective arrangements for challenging and testing your compliance functions, framework and controls, which is a minimum standard for licensed entities. 

How do you get assurance that your financial advice policies, processes, systems and controls remain current and fit for purpose? At Apista, we work with you to review your existing FAP policies and processes to identify areas of improvement, strengthen governance reporting and assurance, and to support compliance with FAP obligations and licence conditions.