Bespoke Compliance Support

Paradigm Partners has unrivalled expertise in providing compliance services to a broad range of firms, and understand the difficulties that firms face in this busy regulatory environment and how these regulatory changes can impact upon your business. Paradigm’s experienced team has a wide and varied knowledge of financial services compliance that enables us to provide comprehensive guidance. We deliver bespoke, practical services and solutions working closely with firms to implement compliance processes, procedures and advise on changes that may be required. We can assist firms in the delivery of their Training & Competence Scheme, undertaking KPI reviews, 1-2-1 meeting completion as well as the preparation of Training Needs Analysis and CPD records reviews. We also provide a library of supporting documentation and work with firms to develop documentation that will enable firms to meet their ever-increasing regulatory burdens.

A brief summary of the regulatory consultancy support that Paradigm can provide is as follows:

 

Financial Promotions

Disclosure Training

Documentation and review

Adviser skills/knowledge assessment

Technical queries

Remote and/or on-site File Reviews

GABRIEL/RMAR completion

FCA Applications

FCA Change of Entity

Risk assessment and mitigation plans

Compliance Monitoring plan design and audit

TCF documentation

Regulatory support and guidance

The regulatory environment in which you operate is evolving quicker than ever before, and often provides distractions to your core business – advising clients. Paradigm works with you as a business owner to ensure that you have the appropriate tools and systems in place to meet all your regulatory obligations. We support you, so that you can continue to provide your clients with the highest level of service, safe in the knowledge that you are managing your regulatory risk.

We recognise that as an entrepreneurial business owner you will have unique ideas and opinions on matters and that is why our advice and support is bespoke to you. By working closely with you it means that we can ensure that we only provide you with what you need to fulfil your plans and objectives.

Our team of business consultants are experts in both the regulatory environment but also on broader areas of financial planning.

Typical areas that our business consultants will provide support with include:

  • Regulatory risk assessments and mitigation plans
  • Client proposition development
  • Centralised investment process development
  • Due diligence exercises for acquisitions
  • Training and competence support including supervisor resource
  • Advice and assistance on FCA applications and variations of permissions

Technical Services

Our Technical Services team are available to deal with all your day-to-day compliance and technical queries, complementing the service provided by our regulatory consultancy team.  The team are based in our Head Office and have a wide and varied knowledge that allows them to provide prompt and comprehensive answers to your questions on any financial services related subject.

File reviews are one of our most popular services and we can deliver these either remotely or on-site – the decision is yours. However we carry out the review our team based approach means that we have consistency in the grading and outcomes – a common gripe amongst many firms.

Technical Services also provide a varied range of knowledge and content to help you and your advisers on specific subject matters which are available online, giving you the opportunity to learn at a time that is convenient to you.

Areas we provide:

  • Webinars on important subjects on regulatory and industry matters
  • Short video presentations on key topics including tutorials
  • Monthly bulletins designed around the topics you are interested in
  • Best practice forums  providing interactive face-to-face guidance for you and your advisers on topical issues
  • Highly efficient and cost-effective FCA application service

Embracing technology to suit your business needs

The world of financial planning and investment management is advancing at unprecedented speed with technology now forming a core part of an adviser practice. The RDR put the focus on your relationship with your clients and building and delivering the right client proposition is essential.

Technology and planning tools are now essential features in all financial planning practices. Paradigm firms can access the following systems at significant discounts.

Technology develops quickly and we are always looking at new systems that can enhance an adviser proposition. In addition, if a firm identifies a system that would be useful to all firms, we will look to negotiate terms with the provider.

The management of client funds is arguably the most important element of the advice process and being able to demonstrate a robust investment strategy is an essential part of the client proposition. We understand that our partner firms have different views on what is the most appropriate strategy for them and that is why we have created a range of investment options for our firms to consider. We have partnered with some of the leading names in passive, active and discretionary fund management so that whichever route you choose you can be comfortable that your clients will be invested with a leading name.

All our investment solutions are linked into the risk-profiling technology systems providing a seamless and auditable advice solution. Our investment development consultants will also provide training and support to you and your staff.

The use of investment platforms has increasingly exponentially over recent years with current figures showing almost 80% of all new pension and investment business being placed onto a platform. Since our launch in 2007 we have been strong advocates of the use of investment platforms as means of delivering consistent and efficient advice to clients. We have exclusive arrangements with Nucleus and Amber SEI, both leading platform providers in the UK and around the World.

Our investment solutions sit on many of the household names in the platform market and our investment consultants will help you link the investment solution and technology systems to your choice in platform.

Driving the value back into your business

The Mergers & Acquisition market for financial advisers has changed in recent years and valuations are now more sophisticated than multiples of recurring income.  Whilst this remains an important metric, quality of advice, profitability and an efficient operating framework are equally key drivers of value from a buyers perspective.
When you make the decision that you are looking to exit your business then we can work with you to prepare yourself to maximise the value you can achieve. We also have a range of options that could even finance and assist an acquisitive partner firm.

OUR PROMISE TO YOU

Quality of service and efficiency of the adviser firm will be fundamental drivers to value in the future and we will work with you to ensure that you build the maximum value possible.

Contact us if you are interested in discussing how Paradigm can support your business

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