TCC has over 16 years’ heritage in the Wealth Management and Private Banking sector. We have assisted over 85 companies in the advice sector meet regulatory expectations and successfully identify and manage risk.
Inappropriate practices, both uncovered by the FCA and highlighted in our own reviews, point to a lack of focus on the root cause of poor conduct – culture. With the FCA’s future focus likely to land on suitability, the advice and product proposition and delivery of appropriate customer outcomes, scrutiny is certain to increase.
Firms in this sector should therefore be focusing on whether culture gives rise to the right conduct and appropriately manages risks. Key to this is identifying and managing potential conflicts of interest and ensuring reward structures are designed to support the best possible outcomes for investors and the business in equal measure.
We have a deep understanding of FCA expectations for firms operating in this sector, from both a practitioner and regulator perspective. Our expertise spans assisting firms designing, developing and augmenting suitability standards and product propositions to ensure they are truly aligned to the target market, are commercially viable and are able to demonstrate suitability of the outcome to each client.
How can we help you?
We provide long-term, holistic risk and compliance solutions that fix your past, strengthen your present and protect the future of your business: