FCA Compliance help for IFA firms.
I set up IFA Consultancy in 2004 to provide compliance consultancy services to Independent Financial Advisers. This is my area of expertise and I have 16 years’ experience in this sector.
I also had ten years’ experience as an IFA (both in the banking and private sectors) prior to my compliance career. I know how to help with the compliance needs of small IFA firms. I am qualified to Diploma level and have the pensions transfer specialist qualification and the T&C supervision qualification.
With my experience I can help with the full range of FCA Compliance for IFA firms. I have the necessary qualifications and experience to assist you with specialist areas such as adviser supervision (including training and competence) and file checking – mortgages, occupational pension transfer, flexi-access cases, investment advice, etc.
As part of my initial review we will work together to assess your needs and then I would provide you with a 6-month compliance support plan. If there are urgent development points then we would prioritise those. For instance, you may have a certain compliance issue that has prompted your enquiry, anything from recent contact from the FCA, new rules that you are unsure of, or just a complaint you may need advice on.
Whilst I can offer support for one off projects, the bespoke compliance support will provide you with monthly or quarterly support and remote file checking which will take care of all the elements of your compliance regime.
IFA Consultancy was established in 2004 and has a wealth of experience in IFA compliance
Kevan Thorn has worked in the IFA sector for 26 years, so he knows exactly how to help FCA regulated firms with their compliance needs.
We have a comprehensive knowledge of FCA regulation.
Our fees are transparent.
Our daily rate is £600 per day (No V.A.T.)
Hourly rate pricing is available for remote compliance (e.g. file checking) – pay only for what you need. The hourly rate is £100 per hour (No V.A.T.)
AND
NO fixed term contract. You are free to leave at any time
We specialise in IFA compliance including insurance and mortgage advice.
Kevan Thorn is CII diploma level qualified. He is MAQ mortgage qualified, pension transfer trained, and a qualified T&C Supervisor.
Kevan has 16 years’ experience as a compliance consultant and a further 10 years’ industry experience as an IFA & manager.
We get to know your way of working.
We design a compliance support plan that suits your needs.
We can work remotely using your systems or shared cloud services (e.g. SharePoint)
We understand the challenges facing small firms.
KEY FEATURE: Providing support for all regulatory areas of business including GABRIEL RMAR annual reporting and FCA notifications
KEY FEATURE: Briefing for firm principals on changes to FCA rules and methods of implementation
Supplying and monitoring a Training and competence regime
Recruitment and training induction for regulated individuals
Recruitment of Senior staff under the Senior Management & Certification Regime
KEY FEATURE: File checking support with adviser feedback
Provision of supervisory mechanisms including observation of staff
Advice on Report Writing / Suitability Letter drafting / advice on in-house templates
KEY FEATURE: Developing Compliance monitoring plans and overseeing implementation
Monitoring and advising on Remedial Compliance work following file checks or adviser development plans
Approval of financial promotions and marketing initiatives
Keeping policies and procedures up to date
Maintenance of compliance registers and policy documents
KEY FEATURE: Assistance with the annual certification of the Senior Managers and Certification Regime
KEY FEATURE: Assistance with the handling/resolving of complaints and disputes with your clients and the FOS
KEY FEATURE: Help with FCA regulatory visits and Desk Based Monitoring
Help with the practical Supervision of all advisors.
Provision of guidance on T&C matters
“I commit to get to know you, your firm and how you work.”
