How will Practice Builder Financial help me with regulatory or legal action?
Only your best practices will ultimately protect you, and Practice Builder Financial can improve your practice techniques and records. Each telephone call, note, e-mail, letter or planning task – like all actions performed in Practice Builder – is recorded for an audit trail that can prove invaluable at some later date. Historically, when financial advisors have been challenged, it has been difficult to verify what had been discussed and agreed. The Practice Builder Objectives, Assumptions and Investment Attitudes provide for a client sign-off. The Implementation Checklist and the Practice Builder text Risk Management Memo help focus the client on all shortcomings, your recommendations and provide a record of your comprehensive service.
