Technology to evidence client suitability in wealth management [Report]

We explore how a wealth management CRM can help firms demonstrate to the regulator’s client suitability and the process of exercising duty of care towards clients.

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In this guide you will find out:

Read how evidencing client suitability is an important regulatory requirement and how technology plays a critical role

  • Regulatory environment is becoming tougher globally and suitablity evidence is key
  • Technology tools are available to digitise and make the process efficient
  • How technology compares to conventional paper and manual process
  • Workflows become engrained with best-practice processes and data storage

About this guide

Investment managers must demonstrate to the regulators the process of exercising their duty of care towards clients.

The Financial Conduct Authority (FCA) have a clear set of guidelines that require investment managers to demonstrate the exercise of their duty of care towards clients.

Robert Roome - Chief Strategy Officer at Wealth Dynamix

All investment management firms recognise that protecting their client’s interests is the major requirement in any private client investment management service offering.

Robert Roomee
Director of Product

All investment management firms recognise that protecting their client’s interests is the major requirement in any private client investment management service offering.

It goes without saying. However, in the eyes of the FCA it is not acceptable to simply give assurances that client interests are properly managed. All private client investment managers must be able to demonstrate that they have; Taken reasonable steps to ensure that any personal recommendation is suitable for its client.

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