Three tips to help advisers scale the compliance mountain

Fidelity FundsNetwork research

clock • 2 min read

Four-fifths (80%) of advisers rank compliance or regulation among their top three business challenges, research by FundsNetwork suggests, with almost half (49%) naming the burden of red tape their principal challenge.

According to a report from the Fidelity International-owned platform, Business challenges facing financial advisers, compliance procedures will come under increased scrutiny from the regulator this year and so it set out to offer practical solutions to help advisers meet their regulatory and compliance obligations. These included: Keep it simple "Simplifying processes and clearly defining roles within the firm can go a long way when it comes to better managing compliance and regulatory requirements," said FundsNetwork head Jackie Boylan. "Stripping processes down to the bare necessitie...

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