Our expertise

Financial advice firms play an increasingly important role in the choices that consumers make and those choices have a significant impact on their quality of later life. Consumer protection, treating customers fairly, providing appropriate advice and suitable products and services is at the heart of FCA regulation. For advisory firms this has resulted in greater regulatory scrutiny on appropriateness and suitability, as well as thematic reviews of specific aspects of the services provided by financial advisers provide e.g. appropriate sales cost disclosure. The implementation of the new Consumer Duty has increased the FCA’s focus on the advisory sector and we are currently helping numerous firms with the implementation of the Duty.

Cosegic's experienced Wealth Management team helps clients navigate the FCA’s requirements, using our in-depth knowledge to interpret and simplify complex regulations. Our practical and clear advice helps you put in place effective solutions and appropriate compliance regimes for your business model, which support your growth. We can review your advisory processes and review your suitability assessments to give you assurance that you are meeting regulatory requirements, or support you in putting action plans in place where improvements are needed. We can assess your relationships with product manufacturers to make sure that they will meet the FCA’s requirements and not cause consumer harm.

In addition, we can provide you with access to other specialists within the wider Cosegic team should you require support with prudential, financial crime and anti-money laundering regulations. Our consultants work closely with you to get to the core of your business model and truly understand all your compliance needs, so you can concentrate on growing your business.