bestpracticereview
Test your advice & Business processes
Are your business and advice processes up to the standards of professional practice demanded by the the Financial Advisers Act 2008? The FMA has been reviewing Advisers work to ensure they are complying with the act,the code and their own Adviser Business Statement.
AdviserLink’s bestpracticereview while based on an international audit model has been specifically designed for the New Zealand Financial Services Industry. Some of New Zealands Leading Financial Advice businesses have used the Adviserlink Best Practice Review to ensure they are at the top of their peer group within the industry.
The bestpracticereview process uses the structure of a questionnaire to cover 14 topics to help advisers better align their advice and business processes with the background requirements of Legislation, Professional Body Practice Standards, General “Best Practice” Principles, Civil Law (such as negligence and prudent person issues) and adviser or dealer group points of distinction. Our researchers have extensive experience in the requirements of National Certificate in Financial Services Level 5 Standard Set C, Professional Practices and the running of a successful financial advice business.
The bestpracticereview helps you improve the quality & efficiency of your practice by:
- Ensuring your compliance with your Adviser Business Statement
- Auditing a sample of your client files on a regular basis (e.g. 6 monthly);
- Reviewing your current processes; and
- Preparing a Best Practice Review Report that you can use to identify the action you need to take to improve your compliance.
- Assisting you to design and effective corrective action plan to ensure future compliance.
To arrange a demonstration, please call AdviserLink on 0800 932 567 or email us at learn@adviserlink.co.nz
