Compliant by design: Why assurance transcends compliance...

Across the financial advice industry, compliance is structured as a separate and retrospective function. Advice is given first, then checked afterwards through file reviews, periodic audits and sampled assessments. This model is so established that it is rarely questioned. It should be. The separation of advice from its assurance is a design choice, and it is one the industry now has the technology to reverse.  One process, performed twice Consider what actually happens in an advice firm today. An adviser gathers a client's circumstances, assesses suitability, forms a recommendation...