"We understand how important due diligence on providers is, but it's hard finding the time to do it as well as we would like ."

You know that you recommend the right products to the right clients.

The problem can be proving it if the regulator asks to see why.

Good Research, Due Diligence, CIP and Consumer Duty documentation creates consistency and reduces business risk.

Since 2002, The Timebank have built a team with diverse skills, experiences and knowledge to help clients with unique jobs.

The Timebank can be a flexible addition to your team. This is far more effective than employing someone to do the same job, particularly if it is a short-term project or job that doesn’t need a full-time employee.

Case study

Customer profile

Multi RI, regional IFA firm.

Growing, ambitious and keen to maintain consistency.

Objective

  • To act as a critical friend to the firm to ensure the investment decisions are robust.
  • To review the outcomes of the CIP process.
  • To deliver a suite of research reports on the products held by clients.

Delivery

To act as a critical friend to the firm to ensure the investment decisions are robust:

  • We liaised with the firm to understand the investment strategies.
  • We challenged an inconsistency, which was a legacy problem that hadn't previously been addressed.

To review the outcomes of the CIP process:

  • We reviewed the outcomes of the CIP process were consistent with the investment strategies
  • We advised some ommissions that needed remedy
  • We reviewed the CIP documentation to ensure it was thorough
  • We considered important factors about the companies providing products and services to clients that needed to be reviewed as due diligence.

Present due diligence reports for the investment committee:

  • We produced a due diligence report on every company that the adviser recommends as part of the CIP process.  This analysed how the company is run.
  • We produced 'Caveat Emptor' reports on all the products offered by the company that the adviser recommends as part of the CIP process.  This analysed important points from the companies' T&Cs that the client would be expected to sign.
  • We produced a due diligence document on selected legacy products that are not actively recommended but are widely held by clients.

Ready to proceed?

This sounds like me. I would like to know a bit more about The Timebank before going ahead

Fantastic!

We mould our service to our clients, so we will give you a call and listen to your needs to make sure we can help you.

In the meantime, we will start off by giving you complimentary access to The Timebank Foundations Programme.

Being a guest client gives you the following benefits:

  • FAQs about the service
  • Due Diligence on us as a company
  • Access to our PRODMatcher tool, which solves the PROD problem
  • Access to our Due Diligence reports on providers and manufacturers
  • News, hints, tips and opinions sent directly to your inbox
  • Access to ongoing CPD video series

This sounds like me, but I am not ready to get going just yet

Timing is everything, we understand that.

We really want to be here when you are ready, so in the meantime, we would like to give you complementary access to The Timebank Foundations Programme.

This gives you access to a range of benefits:

  • FAQs about the service
  • Due Diligence on us as a company
  • Access to our PRODMatcher tool, which solves the PROD problem
  • Access to our Due Diligence reports on providers and manufacturers
  • News, hints, tips and opinions sent directly to your inbox
  • Access to ongoing CPD video series