Projects in action
Project Brief:
Our objective was to establish a website that accurately represented the essence of the business.
Approach:
Collaborating closely with the business owner, we sought to understand the business's core values and service offerings. This informed the development of the website's structure and content. Once finalised, we worked alongside the website developer to bring the vision to life.
Next Steps:
The website underwent a soft launch on May 1st 2024 - MGI IFA. We are currently gathering feedback to refine the website further before its official launch to the wider audience.
Project Brief:
Although the business has external compliance consultants, they require a comprehensive system to ensure all processes are up-to-date, consumer duty is ingrained, and vulnerability checks are integrated.
Approach:
- Collaborative Analysis: Working closely with the compliance consultants, our initial step was to assess the key areas of focus outlined in the latest audit. Concurrently, we engaged with the business owner to identify specific areas requiring attention.
- Regulatory Consultation: In addition to internal assessments, we consulted with regulatory bodies, including the Financial Conduct Authority (FCA), to gather insights on best practices for implementing consumer duty reporting.
Next Steps:
The first phase of the project has been successfully executed and approved by the auditors.
"Many thanks for all the work you have done on the audit actions, it is great to see how much progress has been made. Everything…looks great…."
Moving forward, our focus shifts to implementing monthly monitoring of the compliance program, ensuring sustained adherence to regulatory standards and continuous improvement.
Project Brief:
A well-established financial planning practice, currently operating as an appointed representative, sought our consultancy services to strategise its future direction.
Options Considered:
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Direct Authorisation with FCA: Evaluating the viability of obtaining direct authorisation from the Financial Conduct Authority.
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Network Integration: Exploring the possibility of becoming part of a network.
Additional Considerations:
In addition, we delved into the formulation of a ten-year business plan and identified optimal approaches for establishing long-term career paths, especially for younger team members.
Outcome:
We crafted a comprehensive brief detailing the pros and cons of each option. Leveraging our network, we facilitated an introduction to a potential network aligning with the business's short- to medium-term growth objectives and their commitment to fostering career paths for younger professionals.
Next Steps:
Our commitment extends beyond the brief; we will continue to provide guidance as the business decides on its chosen path.
Get in Touch: Explore my blog for insightful articles, and feel free to contact me. It would great to connect and see how I might be able to help your business.