For professional adviser use only

Sandringham can help you to scale the compliance mountain

Recent research by Fidelity Funds Network1 asked advisers to name and rank their top three current business challenges. The results show that four out of five (80%) advisers rank compliance and regulatory change in the top three challenges, with 50% of respondents to the survey considering it to be their number one challenge.

Common complaints from advisers were cited to be:

  • Time and money: compliance time versus client time. Many advisers felt additional time spent attending to compliance will result in higher client charges
  • Moving the goal posts: trying to keep up with changing rules is a particular challenge to the time and resources of small IFA practices
  • Client engagement: many advisers have expressed concerns over the amount of paperwork now required, which may result in clients missing the most important information
  • Problems with business efficiency and back office administration: adding further to the compliance burden

If these points ring true for you, have you considered talking to us to see how Sandringham Time can help you to scale the compliance mountain? Sandringham Time gives you:

  • More time to think – by freeing you from time-consuming complexities and barriers to allow you to arrange and manage your clients’ financial plans efficiently
  • Time for your advice to deliver – there’ll be more time for you to ensure your clients’ investment, retirement and protection choices are working for the long term
  • More control – state-of-the-art technology will enable you to see all your clients’ investments, products and other assets from a single web page, anywhere, 24/7
  • Intuitive back-office system – built by advisers for advisers

If you want to see how Sandringham can help you to build a proficient, profitable and future-proofed business, why not join us at one of our experience days, or speak to us here https://recruitment.sandringham.co.uk/speak-to-us/

Find out more about our experience days and book your place today.

Related Blogs

View all Blogs

Disconnected systems are letting advisers down – but not at Sandringham

Research1 has highlighted the effect that poor systems integration is having on advice firms, not just by impacting profits, but also in terms of time and resources, and crucially affecting client service.  The research surveyed over 100 advisers and asked questions about processes in three main areas: new business, annual reviews and fee reconciliations. Results […]

Read more

SMCR – A catalyst for change. Are you ready?

The deadline for implementation of the Senior Managers and Certification Regime (SMCR) is now less than three months away. The regime was rolled out to banks and insurance companies three years ago and, after 9 December 2019, it will also apply to all 47,000 companies regulated by the FCA (Financial Conduct Authority). The FCA describes […]

Read more

Should you be concerned about the rise of vertical integration?

Since pensions freedoms were introduced in 2015, the financial advice world has seen an increase in the demand for advice, as well as an increase in demand for distribution from product providers. Over the last year, many product providers and advice businesses have moved to owning multiple parts of the value chain or have established […]

Read more
TOMD SERVER