FCA Compliance for Investment & Wealth Firms

Scope depends on permissions and client types. A typical review covers governance and compliance monitoring, COBS conduct requirements, suitability and appropriateness controls, client communications and financial promotions, conflicts and inducements, Consumer Duty outcomes and fair value, complaints and root cause analysis, financial crime controls, SM&CR arrangements and regulatory reporting.

Yes. The areas that generally require most work are price and value for ongoing advice and platform charges, evidencing that ongoing services were actually delivered, consumer understanding of charges and risk, and outcome monitoring that is granular enough to show differences between client segments.

Yes. We test a risk-based sample of files against calibrated criteria, assess risk profiling and its consistency with recommendations, review periodic review processes, and identify whether weaknesses are individual or systemic. Findings are accompanied by practical changes to process, training and quality assurance.

Yes. We support due diligence, onboarding, scope of appointment, ongoing monitoring, financial promotions oversight, annual reviews, notifications and remediation where oversight has fallen behind the growth of the network.

Yes. We support senior management function mapping, statements of responsibilities, prescribed responsibilities where applicable, certification population identification, annual fitness and propriety assessments, Conduct Rules training and breach recording, and remediation where documentation does not reflect how the firm actually operates.

Yes. Retained support gives the firm continuing access to senior regulatory expertise alongside its own team. It is not a substitute for an internal compliance officer or a senior management function holder.

Yes. We help management understand what the regulator is testing, organise the evidence, draft accurate and complete responses and, where weaknesses are confirmed, design a remediation programme with follow-up testing to demonstrate effectiveness.