Titanium spruiks para-planning service
Financial planning dealer group Titanium is spruiking the para-planning service it provides to ensure financial plans are audited before they are sent to clients.
According to Titanium Group chief executive Andrew Blanchette, the group has a regime in place which ensures each potential plan submitted to the firm's para-planning team must follow guidelines that Titanium enforces and knows will pass muster in any audit.
"Why have a plan completed that has any inherent risk around the compliant nature of it," he said. "For a start we don't use inexperienced para-planners."
Blanchette said the Titanium model had been established as a result of a number of in-house legal counsels being employed to reduce risk to the business and its financial planners.
"We are here to service the financial planners and keep them in cotton wool so they can get on with the business of helping their clients and themselves make money, not put it at risk.
"We believe Titanium offers a para-planning service like no other in the market. Not only is it compliant, well-structured and audit-proof, it's also cost effective," Blanchette said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
