Our Adviser Onboarding module is designed for Discretionary Fund Managers (DFMs) and other investment firms that distribute their investment solutions via the UK IFA community. It is designed to provide them with a more robust regulatory process for the onboarding and authorisation of new adviser firms.

Our onboarding platform provides DFMs with a more robust regulatory process for the onboarding and authorisation of new adviser firms. This enhances the compliance function and frees them up to focus on more value-added activity. 

The platform is modular in that additional functionality beyond the core digital onboarding process can be added where required as further described below.

Digital Onboarding module

The digital adviser onboarding process forms the core module around which other modules can be added. This onboarding module includes: 

• A Due-Diligence Questionnaire (DDQ). This DDQ can replicate existing paper-based DDQ and is made bespoke to the DFM’s needs.
• Automated link to FCA database. The module is integrated with the FCA database of regulated entities and automatically verifies the regulatory status of the firm being onboarded. This includes capturing any restrictions or sanctions that may be registered against the firm being onboarded at the point in time they are being onboarded.
• Digital Terms of Business (TOB) signing. We replicate paper-based TOB on platform and allow for it to be digitally signed.
• Compliance workflow process. The platform includes a full workflow process allowing compliance to review a newly registered adviser firm and decide whether or not to authorise them to use a firm’s services.
• Adhoc / periodic compliance reviews. The platform can also be utilised to undertake more adhoc / periodic compliance reviews e.g. DDQ renewals; re-signing of updated TOBs etc.

If you are fed-up with endless paper-based manual processes and are seeking to develop a more robust regulatory process for the onboarding and authorisation of new adviser firms then please get in touch.