InnoInvest offers compliance consultancy to a range of companies in the financial services sector. Many Finance companies have set aggressive sales and marketing targets and one of the under staffed areas is compliance.
As a result, the team at InnoInvest have created some tailored solutions, giving you peace of mind when it comes to your compliance strategy.
Initially, our focus is to understand the complexity of your business, the nature and size of your operations and the types of internal procedures you have or are currently in need of.
Once we get an idea of where your business is at, it allows us to see the appropriate level of compliance resources you need to put in place.
Internal staffing, outsourcing or a combination of the two
Depending on your existing compliance resources, we are able to tailor a package that is suitable for you.
Do you already have an in-house compliance person?
Our most popular compliance consulting solution is to work with financial services companies who have a compliance person in-house.
We work alongside them as an external compliance consultant and oversee the processes to make sure your key obligations are being met.
In addition to ongoing support, we work with your team to outline and implement the key regulatory processes you need. We also provide our suite of templates so you can be up and running with best practice straight away.
Do you need an external compliance manager to run things for you?
For those who are not ready to employ a full-time compliance person, we can assist and run all your ongoing compliance needs.
Once we have identified your needs, we can implement a monthly or quarterly compliance program.
The more complex your situation, the more hands on we’ll need to be.
Our compliance consultancy is there to help provide guidance
Many of our clients engage our consultancy service in order to get guidance throughout the month.
We have fielded countless questions from our clients who have a wide variety of issues throughout the year.
Some of the most common issues and questions you and your team may have include:
- questions around monthly reporting
- reporting breaches and how to handle them
- the best way to do your financial record keeping and demonstrating compliance with financial requirements
- updating the board meeting minutes
- how to handle a complaint from a client
- what happens when a client goes to the Financial Ombudsman Service (FOS)
- what to handle surveillance and regulatory actions from ASIC
- how to handle a breach and report it to ASIC and so much more.
You get access to the InnoInvest team during the consultancy so your issues can be resolved on the spot.
Often a quick email or phone call provides the guidance and support you and your team need to move forward confidently.
We keep up with the laws so you can focus on growing your business
All the best athletes in the world have a coach/mentor. Someone they can turn to when navigating the best possible path to success.
Likewise in business, you need the best coaches and mentors to help you, especially with the ever increasing and onerous regulatory regimes now in place.
We are your eyes and ears on the ground. Our team keeps up to date on new changes in the law, allowing you to be proactive instead of being reactive all the time.
If our compliance consultancy solution could add value to your business, then get in touch today.
Let’s have a chat to discuss your needs and see if we can provide a good fit to help grow your business within a rock-solid compliance framework.