What's Happening?
Simplybiz has introduced a new consultancy service aimed at supporting financial advisers with ongoing compliance and review processes. The service includes comprehensive consultation sessions to assess firms' charging models, client agreements, disengagement policies, and monitoring systems. This initiative is part of a broader range of business consultancy offerings, including support for Consumer Duty implementation and annual review delivery. The service is designed to help advisers maintain compliance and optimize their business operations.
Why It's Important?
The launch of Simplybiz's consultancy service reflects the growing demand for compliance support within the financial advisory sector. As regulatory requirements become increasingly complex, advisers need reliable resources to ensure adherence to industry standards. This service could enhance the operational efficiency of advisory firms, allowing them to focus on client relationships and business growth. By providing structured guidance, Simplybiz aims to help advisers navigate regulatory challenges and improve service delivery, ultimately benefiting both advisers and their clients.
What's Next?
Simplybiz's ongoing consultancy service is expected to attract interest from financial advisers seeking to streamline their compliance processes. As the service gains traction, it may lead to further developments in consultancy offerings, potentially expanding to include additional areas of support. The success of this initiative could encourage other firms to develop similar services, fostering a competitive environment that drives innovation in compliance solutions. Advisers who adopt these services may experience improved business performance and client satisfaction.
