Posts containing our thoughts and musings.

We created this blog to share our thoughts and views on topical issues in the financial services industry. Read our comments on the latest FSA platform papers, thought leadership papers, interviews and best practice for due diligence. Check back for regular updates.

Archive for the ‘Adviser Support’ Category

Due diligence for advisers choosing a platform.

Flickr Source: Magali CThis month Gillian featured in Financial Planner Online, talking about the increasingly important issue faced by advisers, of platform due diligence. She shares her tips on how to make the process more productive and less tiresome.

Selecting the right platform partner or changing platforms can be one of a financial adviser’s biggest challenges. For many it will become an even larger challenge as the level of complexity, the number of choices and regulation grow over the coming years.

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Platform and wrap due diligence – dull but necessary?

Megaphone Dude

‘Begin with the end in mind’ may sound like management speak but is pertinent when it comes to choosing technology to support your client proposition and a ‘home’ upon which to hold your client’s invested assets. But where do you start?

Everyone loves a multiple choice quiz. Question: what does your current platform due diligence documentation look like?

A. It’s a document from my platform/wrap provider

B. It’s a file full of FSA factsheets plus a document from my platform provider

C. Something else altogether

If any of the above applies to you, then read on!

Your answer might be ‘C’ – but what does good due diligence actually need to consist of and look like? Most importantly, how do you go about it?

Perhaps a mobile phone device analogy will be helpful. Think about when you bought your mobile phone. Did you leave the shop, device in hand or already to your ear and then, six months later, go back and ask for the documentation? Unlikely.

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