Licensees:

Advice Compliance Support (ACS) understands that Licensees conduct advice file reviews, however, ACS also understands that at times a Licensee may require additional support to complete such assurance activity within a particular timeframe.

Benefits

• ACS works with you to deliver the support and confidence to ensure that reviews are conducted by an appropriately experienced and qualified compliance professional. You have the flexibility to tailor the scope of work for the time that you require it.

• ACS can adapt quickly to your review methodology and/or conduct compliance reviews independently. 

• ACS can provide you with efficient and effective On-Boarding compliance reviews for new representative giving you the flexibility to manage your workflow.

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Authorised Representatives (AR's):

ACS believes that looking after a client's best interest is paramount to a great client experience, building your brand and offcourse remaining compliant. We understands that AR's have compliance reviews and access to a compliance resources provided by their respective Licensee(s), however may require unique risk and compliance services tailored to their business.

Benefits

• Compliance Assurance of file reviews, risk assessment and possible process development relating to:

  • Pre and post- internal compliance audit

  • Transitioning between dealer groups or if you decide to obtain your own AFSL

  • Providing an added layer of due diligence if merging with another practice

ACS conducts risk and compliance file reviews accompanied with a final report that includes observations and possible recommendations that can be discussed and implemented to further strengthen your business.

Additional services ACS provides include tailored targeted deep dives and thematic reviews.

The outcomes from these reviews have the potential to provide your business with a competitive advantage by giving you access to tailored analytics and reporting with insights in terms of documentation and advice quality and also possible areas of development that may have otherwise gone unnoticed; we refer to these as sleepers.

Post Compliance File Review:

Your business will be in a position where it will be able to consider the implementation of any suggested recommendations and the flexibility and opportunity to discuss any questions you may have with ACS.

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Additional Support:

• ACS can provide tailored and targeted deep dive reviews  relating to your client files and also the processes that support the delivery of advice.

• Tailored Compliance training to address observations arising from the review or more general compliance training upon request.

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Engaging ACS to provide you with a risk and compliance review provides you with a feeling of confidence and assurance that you have reduced the operational and regulatory risk to your business. ACS can work with you to help promote a positive risk and compliance culture, reduce risk and create efficiencies and overall effectiveness for your business.