The Adviser Platform (TAP) has added a compliance reporting engine to its range of services to help FAPs lodge their annual return to the FMA.
TAP’s Managing Director Ryan Edwards says many advisers are concerned about patchy record-keeping, running multiple systems, and how that will impact their ability to prove to the regulator they’re doing the right thing.
He says record keeping and the adviser’s ability to efficiently generate reporting, and prove they have adequate levels of oversight, are paramount under the new regime.
“This service is a great example of the peace of mind we’re providing our adviser members,” says Edwards. “It allows them to meet compliance obligations without undue stress and wasted time.”