Advice RegTech Solutions

For Licensee oversight and record keeping of Reviewers' prevets and audits of advice files.  Our vision is to help reduce the cost and burden of compliance for advisers, licensees, professional bodies, and regulators. Assisting Licensee oversight of best interest duty and related obligations.  

ASIC’s Report 515 of large institutional advice compliance, reported that the industry met audit process and review standards only in 1 in 4 cases. 

To help Licensees raise the effectiveness of their advice compliance efforts, Key Risk Indicator Solutions (KRIS) reports the risks and trends from the advice file reviews.

Advice RegTech provides RegTech subject matter expertise and IT Consulting. 

For AFSLs, professional services firms, associations and regulators, we offer consulting and solutions. 

Advice RegTech can assist with project consulting, tech solutions and speaking engagements.

Advice Checking Efficiency  

SAMI software with document checking highlights, and CRM integration for document and datafeeds, can enable you and your team to cross-check multiple related advice files faster.

Effectiveness of Pre-vet Advice Reviews

Enables you and your paraplanners and reviewers to uplift as well as evidence the verification of quality and compliance of documents before release to clients.

In-built Guidance for Consistency and Coaching 

Enables self-checks and consistency of decisions and coaching for Paraplanners, Advisers and Reviewers.    

Post-Vet Audit Effectiveness

SAMI enables efficient implementation checks, adviser file audits, plus remediation reviews, with a choice of in-built question sets and risk tags, customisable for your AFSL policies and preferences.    

Adviser Onboarding and Pre-vets

Enables robust reviews and assessment of potential risks as part of your new adviser diligence process.  

Remediation 

SAMI enables bulk file reviews of existing and historical files, inclusive of workflow and process management for structured investigative audits, collaboration and coaching action plans, plus incident escalation and breach reporting options. 

Advice Document Storage 

Single storage solution for all your advice files to support your record keeping obligations and ability to evidence your quality of advice reviews, regardless of advice production or CRM used.  

Risk and Compliance Reporting 

The SAMI Dashboard includes real time reporting of compliance results, risks and trends, including instant drilldown to detailed reporting for pre-emptive coaching and action assignment.   

Data Analytics 

Insights for licensees to benchmark and improve processes, templates, training and business outcomes.