True Potential IFA Service Strategies – Compliance Strategy

We provide a unique, technology-driven

technology business model for IFAs.

Introducing TP Powered: designed to help your business stay compliant

True Potential compliance strategy is a very unique compliance model. We give you
exclusive access to the “TP Powered” resources – compliance expertise,
expertise monitoring &
proactive technology.. You
Y can focus on providing your clients with a truly unique
service, safe in the knowledge that your business will remain compliant with True
Potential Compliance
ompliance Strategy

Features of True Potential compliance strategy

Compliance Management
anagement Information Reports

Compliance MI reporting including Gabriel

Full client and policy MI automatically produced

File checking regime

True Potential compliance will check all adviser files for up to 3 months

5% of a firms files checked on an annual basis

Business file check Quality standards MI & audit trail automatically produced

Annual compliance audit & overview

Completed eachach anniversary after
af joining True Potential

Full compliance check of your system is reported to the firm for consideration

Check of all business areas to ensure the firm is remaining compliant

A review of ‘the system events’ you have completed during the year.

Ensure
nsure you have addressed the Management Information & KPI’s relating to your firm.

Business statistics are collated for the 12 month period.

A selection of file reviews. Cases are selected per advise
adviser,
r, constructive feedback for
each is provided to ensure the onon-course
course training and file construction is still being
followed

FSA assistance

Full support with all FSA enquiries

Assistance with FSA TCF workshop events

Full guidance and support with FSA TCF telephone conference calls
TCF management MI and KPI monitoring system

TP system provides you 24/7 monitoring for business KPIs

Systems alerts you to any adverse KPIs proactively on a daily basis

Management exception report produced every quarter

Wizard guides user through to production of any necessary action plan

Key Performance Indicators and event management monitored daily to minimize risk

Adviser Failed cases

Adviser Execution only

Company Execution

Company NPW/NTU

Adviser NPW/NTU

Adviser Replacement

Company Replacement

Adviser Complaints

Firm Persistency 3, 12 & 36 months

Adviser Persistency 3, 12 & 36 months

Adviser Product spread

Adviser Provider spread

Company Provider spread

Missed Annual Knowledge Assessment

Missed Annual Credit check

Missed Annual approved person declaration

Adviser missed CPD

Missed GABRIEL Return

Missed All staff declaration

Missed Quarterly compliance review

Missed Adviser quarterly review

Continuing Professional Development

Online CPD register for each adviser

Evidence uploaded and stored online simply and securely

Diary event for CPD configured into advisers diary

T&C supervisor and adviser alerted on non completion of CPD

Annual Knowledge Assessment

On-line knowledge assessments are issued on the anniversary of the adviser joining TP –
the tests is sat and marked online providing an audit trail.

Event configured into T&C diary , prompted when due and alerted when overdue
Money Laundering Refresher Training

Provided in accordance with the Joint Money Laundering Steering Group

Gabriel completion

True Potential compliance assist you with your Gabriel return every six months

Gabriel due dates configured into your system diary

Gabriel event prompted by diary and business alerted with non completion

Regulatory News Updates

Regular compliance news and updates will be provided as a blogs on the service site

This will include all relevant compliance matters

Headline information will be presented on the adviser home page as a link

T&C supervisory & Compliance events prompted

TP compliance configure all events for your firm’s compliance and T&C procedures

Firm alerted to non completion of events

System will record all overdue events to T&C supervisor

Fact find updates / approval

Personal, corporate and mortgage electronic fact finds available

Expert attitude to risk and risk profile questionnaire provided

Expert asset allocation and model portfolios configured

Risk ratings and definitions automated in suitability reports

Suitability Report templates supplied

A full and comprehensive suite of suitability reports available via generator

Additional templates available covering all non main stream investments and non-
investment insurance contracts

Suitability reports kept updated for tax and legislative changes

Recruitment guidance

A process flow to ensure the recruitment procedure is completed in a compliant manner

Recruitment events configured into supervisor diary

Diary events prompts for new joiners T&C

Financial Promotion Guidance

Fully compliant advert guidance available

Details for formatting business stationery provided

Comprehensive Regulatory Documentation Library

All regulatory documentation is provided

Updated according to regulatory changes

Compliance Support with standard forms
Compliance registers available to record all events

CPD register to record adviser development

Financial promotions register

Breaches register

Money Laundering register

Complaints register with full complaints management process

Compliance procedures manual

TP provide firms with their own compliance manual

T&C procedures provided and bespoke to firm type

All procedures configured into technology platform

Copies available to firm via their own compliance library

Business Plans & Templates automatically set up

Regulatory Plans for monitoring

Full business continuity plan

Disaster recovery plan

Recognised Agreements made available for locums, Professional Introducers etc....

Compliant adviser contracts both employed and self employed made available

FSA Authorisation process

Completion all the FSA Application Forms

Guidance of any FSA information requirements

Submission to the FSA and follow up to completion

Automated Agency set up with product providers

Transitional Arrangement - True Potential private client Strategies

For those seeking direct authorisation from the FSA

Arrangement to trade using True Potential services within weeks

Bridge the gap and smooth the transition when setting up new firm

All Clients, policies and pipeline novated to your new company

Very competitive rate for using the Transitional arrangement

Professional Indemnity Insurance

True potential have an exclusive PII arrangement available for firms

Cover provided by leading Lloyds underwriter

Policy covers FSA, Mortgage and General Insurance business

Excellent terms and excess – Quotation provided within 48 hours

Technical Support and Guidance

Technical support for Pension Transfers

Pension Transfer specialists available for firms who don’t have the permissions

Guidance available for all technical issues

Links to providers for QCA level 4 training support