Wealth Management
Wealth management compliance spans file reviews, financial promotions, Consumer Duty and more. My Compliance Centre brings it all together.
Wealth management compliance teams oversee adviser file reviews, manage financial promotions and evidence ongoing Consumer Duty obligations – often across a business where the compliance overhead is significant and the tools available are not. The result is important work that is hard to evidence.
What My Compliance Centre Addresses
FileChecker – structured file reviews
Reviews structured, scored and assigned. Findings recorded consistently. Remediation tracked to closure. Management information shows trends over time. Built for firms where file review quality is a central compliance concern.
Financial promotions
Submission, review, approval and record-keeping in one structured process. Every promotion tracked from submission to approval or return, with a complete audit trail.
Compliance monitoring
Your monitoring programme deployed on a platform that assigns ownership, tracks findings and surfaces management information your senior management needs.
Employee compliance
Policy and fit and proper attestations, conflicts disclosures and gifts through automated workflows. For adviser populations, compliance embedded into everyday processes.
Your governance framework
Meeting packs, minutes, actions and attendance evidenced automatically. For firms under individual accountability requirements or wanting best practice.
Register vault
60+ register templates – incidents, breaches, complaints, suitability records and more – with a workflow engine for approvals and reviews. Grows with your firm.
SMCR
Senior manager roles, responsibilities and certifications managed in one system. Evidence of the reasonable steps taken to ensure Conduct Rules compliance is structured, documented and accessible when needed.
Regulatory change
Including the ongoing requirements of Consumer Duty – track FCA updates, assign actions and evidence your firm’s response.
What This Means in Practice
File reviews are evidenced. Financial promotions are tracked. Monitoring findings are resolved and recorded. When your Board or the FCA asks for evidence of a functioning compliance framework, it is there.
Frequently Asked Questions
Wealth management compliance spans adviser file reviews, financial promotions, suitability, Consumer Duty, employee compliance, compliance monitoring and governance. The work is significant and often hard to evidence when it runs on spreadsheets and email. My Compliance Centre brings these processes into one integrated platform, so each is structured, tracked and evidenced. The overall picture is available whenever your senior management or the FCA asks.
FileChecker structures your adviser file review process in one system. Reviews are assigned consistently, scored against criteria you define, and findings are recorded with a severity rating and category. Remediation actions are raised from findings and tracked to closure, and management information shows trends over time – so you can see whether file quality is improving and identify issues before they become systemic.
Consumer Duty is an ongoing obligation rather than a one-off project, and the platform helps you manage and evidence it in several ways: tracking relevant FCA developments and assigning actions, recording the monitoring you carry out, and holding supporting records such as complaints and vulnerable customer registers. The result is a structured, evidenced picture of how your firm meets its Consumer Duty obligations over time.
Yes. Financial promotions are managed through Register Vault, which takes each promotion through submission, review, approval or return, and record-keeping in one structured process. Every promotion is tracked from submission to decision with a complete audit trail, so the record of what was approved, when and by whom is held automatically.
Yes. Wealth management firms are among the more than 200 regulated firms and 10,000 financial services professionals using My Compliance Centre, with file reviews, financial promotions, employee compliance and monitoring being common areas of use.
Let us show you how My Compliance Centre can make a difference to your risk and compliance management
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