Day Placements

The classic phrase of anyone trying to juggle client work with keeping the firm compliant is, “I should be having a compliance day today but I need to finish this client report first.”

Consider the difference it would make having someone visit periodically to assist as required? Standard offerings range from one day per month, quarterly or six monthly.

Depending on the firm's size and requirements, ranging from between £500 (sole traders) per day we can be present in the office on a regular basis to deal with, just for example:

• Ongoing regulatory issues;
• Creating Ongoing Competency records;
• Training & Competency;
• Completing the firm’s KPI's;
• Completing supervisory work;
• File checking;
• Anti-Money Laundering training and returns;
• Data Protection training.

Initially we work with the firm to define the set of services that are applicable for their business. For some it may be that on a regular basis we review with the compliance team or CF10, the status of their Compliance Monitoring Programme; making appropriate recommendations of how to move the business forward. Depending on the business, a more or less comprehensive service may be required.

Whilst this may just seem like another cost burden, consider the time spent on compliance and how much additional time could be spent with your clients and running the business instead.

Please contact us for further information.

It was good to meet you. We both felt that the meeting was very positive, which was refreshing. Thanks for the attached report, which is as expected.

David Mayne
Mayne Solutions Ltd, T/A Premier Financial Planning