The Adviser Platform (TAP) has helped get 20 FAP applications across the line and is working with another 30 clients wanting a FAP licence.
The firm’s Managing Director, Ryan Edwards, also says 80% of approved FAP holders it has worked with have signed-up to the firm’s monthly compliance offering that provides scheduled auditing, governance, and oversight of clients’ businesses.
He says advisers are feeling fatigue and frustration “…Many feel like they are working in the dark, or wondering where and how to start”.
He says: “The new regulations are a great opportunity for the industry as a whole to provide an enhanced offering to clients, and advisers who embrace that change, identify where their time is best spent, and seek services to streamline their business can really thrive.”
TAP is also about to launch its annual ‘review calling service’ that Edwards says will help financial advisers demonstrate their ability to service their book to the regulator.
“This will be handled by our locally-based call centre,” says Edwards.
“With the right services, advisers can and should be running their own FAP with confidence, and focusing on growing and servicing their clients,” he says.
See our story: Client Contact Service For Busy Advisers