Professional Adviser magazine reports that four out of five advisers use models for their portfolio. You can imagine what the FCA think of this…if the client is in a model, why on earth do they need an adviser?
Good point, and perhaps they don’t. It has left firms struggling with the annual review documentation that needs checking.
But for those that do want your models, you’d better make sure that you can prove value for them.
The most common question that we are asked is about the annual review documentation that needs checking. BAT say, upload to the file checking system your own default file checking sheet, for annual review checks, and we will implement that for your firm.
BAT is customisable by design.
It is the most exciting thing to hit retail financial services since ETFs
BAT-AI is a file checker co-pilot.
Check for completeness, and serve up a draft file score