Industries ｜ Wealth Management ｜ Advice Services
OUR EXPERTISE
Empowering Your Financial Advisory Success: Navigating Complexity, Ensuring Compliance, and Fostering Growth with AZH Wealth Management Expertise
Financial advice firms are crucial in guiding consumer decisions, significantly impacting their quality of life in later years. The core of regulatory oversight focuses on consumer protection, fair treatment of customers, delivering appropriate advice, and ensuring the suitability of products and services. For advisory firms, this emphasis has led to increased scrutiny regarding the appropriateness and suitability of advice, as well as thematic reviews on specific service aspects, such as transparent sales cost disclosure. The introduction of new consumer protection standards has intensified regulatory focus on the advisory sector, and we are actively assisting numerous firms with implementing these standards.
AZH's seasoned Wealth Management team aids clients in navigating through complex regulatory landscapes, offering in-depth insights to decode and simplify intricate regulations. Our actionable and clear guidance helps establish effective solutions and compliance frameworks tailored to your business model, fostering growth. We conduct thorough reviews of your advisory processes and suitability assessments, ensuring regulatory compliance or aiding in the development of improvement plans as necessary. We also evaluate your partnerships with product manufacturers to ensure they align with regulatory standards and safeguard against consumer harm.
Moreover, we provide access to a broader range of specialists within the AZH team for support with prudential, financial crime, and anti-money laundering regulations. Our consultants engage closely with you to deeply understand your business model and compliance needs, enabling you to focus on business expansion.
HOW WE HELP
Authorisations and application services
We support firms with a full suite of authorisation and application services.
Authorisation & Applications
With expertise in financial sector applications, we ensure compliance with regulations and assist clients in preparing thorough authorization submissions.
Variation of Permission
If you are an authorised firm looking to change your regulated activities, start a new business line or add new product/client types to your business line, we can support you with your variation of permission (VOP) application.
Change in Control
If you plan to acquire or enhance control over a regulated entity, you must submit a Change in Control (CiC) notification and obtain approval from the regulatory authority beforehand. Our team can help you with this process.
Ongoing compliance support and regulatory projects
Continuous Compliance Assistance
AZH assists numerous firms with their compliance needs, offering monitoring, training, reviews, and remediation to meet regulations.
Compliance Healthcheck
Our Compliance Healthcheck provides assurance and peace of mind that your compliance measures are robust and effective.
Regulatory Reporting
Regulatory reporting is crucial for communication between financial authorities and firms. Errors can lead to scrutiny, but our service ensures accurate reporting to avoid complications.
Secondments
Our team of expert compliance professionals is readily available to support your short and long-term resource requirements with utmost professionalism.
Financial Promotions
We'll conduct a thorough review of your firm's financial promotions to ensure compliance with the prevailing financial promotion regulations and Advertising Standards Authority guidelines.