A deeper look at conduct risk management [Report]

Conduct Risk in Wealth Management can be defined as the potential for an investment firm to cause detriment to their clients or to the industry as a whole.

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In this guide you will find out:

  • the onboarding challenges that we see when working with wealth managers
  • the ‘best practice’ solutions that the industry is adopting
  • the business values that can be created by adopting a technology solution to onboarding

About this guide

The regulators expect  the industry to be demonstrating trustworthy behaviour in their day to day conduct towards clients.

Conduct Risk in Wealth Management can be defined as the potential for an investment firm to cause detriment to their clients or to the industry as a whole. Activities around anti-money laundering and sanctions checking, client suitability and portfolio risk monitoring, client operations and data security fall into this category of risk.

Robert Roome - Chief Strategy Officer at Wealth Dynamix

Activities around anti-money laundering and sanctions checking, client suitability and portfolio risk monitoring, client operations and data security fall into this category of risk.

Robert Roome

Director of Product

The regulatory focus on conduct risk from the regulators is not just that certain risks exist, but that firms may not be necessarily geared up to defend clients or the reputation of the industry against these risks.

In a competitive and diversified market, customer profiles and product offerings will naturally vary between firms. Each organisation must address the specific risks associated with poor client outcomes from their actions and these risks will vary in scale and focus depending on their business model.

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