bestpracticereview
Test your advice & Business processes
Are your advice processes up to the standards of professional practice envisaged in the Financial Advisers Act 2008?
AdviserLink’s bestpracticereview has been derived from a model offered in Australia by a provider of Licensee and Authorised Representative audits as required by ASIC under the licensing regime for financial advisers, and has been customised and implemented by Adviserlink at some of NZ’s largest financial services groups.
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.
The bestpracticereview helps you improve the quality & efficiency of your practice by:
- 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.
To arrange a demonstration, please call AdviserLink on 0800 932 567 or email us at training@adviserlink.co.nz