The 3 Biggest Risks to Your Financial Advisory Firm
And How to Fix Them
As an experienced compliance consultant with over 30 years working within a range of roles in this industry, I've seen my fair share of firms who have experienced the challenges of working in such a heavily regulated industry. However, there are 3 things that pose the biggest risks in particular to small and boutique advisory firms:
1
The Challenge of Training & Competence Requirements
In an industry characterised by constant evolution and regulatory updates, ensuring that every member of the team possesses the requisite knowledge and skills is paramount.-
2
The Balancing Act of Navigating Consumer Duty Rules
In an era marked by heightened scrutiny on consumer protection, financial firms find themselves walking a tightrope between profitability and compliance.
3
Safeguarding Against Financial Crime and Money Laundering
The proliferation of financial crime poses a significant threat to the integrity and stability of financial institutions.
Ian is always available to answer those innocuous compliance and regulatory questions you either don’t know the answer to or feel you should know the answer to. A true compliance and regulatory professional, some one who can be relied upon.
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​Charles Burchhardt, Daton