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.

Share

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.

Access the resource
via the form below

LATEST INSIGHTS

Achieving profitability at scale: the potential for AI

17 April 2024

Achieving profitability at scale: the potential for AI

We delve into the use of AI technology in wealth management. Far from belonging to a far-distant future, it is here and growing more intelligent by the day.

5 min. read

Empowering client-facing relationship managers and advisors: Perspectives from Wealth Dynamix’s APAC head

2 April 2024

Empowering client-facing relationship managers and advisors: Perspectives from Wealth Dynamix’s APAC head

Hubbis recently hosted a digital dialogue focusing on the application of the latest digital solutions for the Relationship Managers and advisory in the world of Asian wealth management, as technology revolutionises the offerings and efficiencies across the broad wealth management community in the region.

5 min. read

Wealth Dynamix welcomes Luna Investment Management as a new client, empowering proactive Client Relationship Management and regulatory compliance

21 March 2024

Wealth Dynamix welcomes Luna Investment Management as a new client, empowering proactive Client Relationship Management and regulatory compliance

Wealth Dynamix, a leading provider of Client Lifecycle Management solutions for private banks and wealth managers, announced Luna Investment Management as a new client as part of our partnership with Third Financial.

3 min. read

Sign up to our Newsletter

GET THE BROCHURE
Client Onboarding