We believe that the quality of a Statement of Advice (SoA) is a strong indicator of the quality of the financial advice process for a client.
We also believe that the industry practice of sampling only 5-10% of the millions of SoAs produced every year is a poor predictor of compliance.
By rapidly and intelligently assessing every SoA for critical regulatory requirements, Best Interest Duty, and financial advisor behaviours, TIQK reduces the effort of auditing SoAs by up to 50% – freeing your experts to investigate identified risks and conduct coaching and development.
Combining expert compliance analytics, natural language processing, and artificial intelligence, TIQK audits more than 500 data points in a typical SoA in just seconds.
This makes it possible to rapidly review the critical legislative and regulatory checklist items, and solves the challenge of ensuring the Safe Harbor provisions of Best Interest Duty are met.
TIQK can even flag harder-to-detect behaviours like financial planners that produce “cookie-cutter” advice across multiple clients.
Take control with TIQK
We believe the way to a better industry is to augment your experts with objective, intelligent technology to help review every piece of advice produced for every client.
Removing the first step to the audit process gives precious time back to compliance professionals, freeing them to ensure that all financial advice is in the clients’ best interest.
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So @TiqkCEO has compared the #bankingroyalcommission to the #SuperBowl ... read more to see how...
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Are you looking at purchasing new #technology for your business?
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