Your Industry 

Guide to Back Office Systems

    CPD
    60min

    Introduction

    Now, however, an increasingly large proportion use complex, all-encompassing data-management programs that handle all of the client administration information for their firm.

    Given the regulatory upheaval in the financial advisory market, many advisory firms may be in the midst of a planned upgraded to their administrative software to cope with the recording and reconciliation of income from various sources and providing identical regulatory reports.

    FTAdviser’s Guide to Back Office Systems tackles what advisers can expect from back office options on the market, how cheaper options differ from all-in-one systems and how back office software can help with your regulatory compliance.

    Answers supplied by Richard Stanton, sales manager at Time4Advice; Sue Nutall, owner and lead consultant at Jacana; and Steve Billingham, owner and director of Steve Billingham Consulting.

    In this guide

      CPD
      60min
      1. What, at the very least, should a back-office system store?

      2. According to Time4Advice’s Richard Stanton, what will systems need to be able to record post-RDR?

      3. Why does Steve Billingham caution against some ‘tremendous’ all-in-one solutions such as Marketo or Hubspot?

      4. What details in terms of client contact will be required to be kept post-RDR

      5. What example does Time4Advice’s Richard Stanton use to demonstrate how systems can help with TCF requirements?

      6. How does Mr Stanton suggest this could be extended futher?

      Nearly There…

      You have successfully answered all the questions correctly, well done! To bank your CPD please complete the form below.

      What did you learn from undertaking this CPD exercise?

      Why did you undertake this piece of learning?

      Banked!

      Congratulations, you have successfully completed and banked this piece of CPD

      Already Banked!

      You have already banked for this article.

      To bank your CPD you must or

      Register

      One or more questions have been incorrectly answered,
 please review your answers and try again.

      Please enter what you have learnt and why you completed this CPD.

      More Your Industry CPDSee my completed CPDSee all CPD

      Comments