Collins SBA appoints Fourth Line compliance RegTech
Source Of News
By David Travers 2nd February 2021
Media Release
Collins SBA appoints Fourth Line compliance RegTech
Fourth Line, a leading RegTech risk management and compliance system for financial advice, today announced that it has been appointed by Collins SBA to increase compliance monitoring, identify advice risks and learning opportunities for the continuous improvement in the delivery of quality financial advice.
Fourth Line will provide a range of services including pre and post advice reviews for existing and new advisers, providing a range of analytics, and benchmark reporting to assist Collins SBA in continually monitoring the quality and compliance of advice delivered to their clients.
Collins SBA Managing Director, Jonathan Elliot “We are impressed by the breadth of the Fourth Line pre and post vet review process, including not just the SOA but the whole client file, combined with a depth of objective insight delivered with great reporting. We will use Fourth Line to continually improve our processes and advice in real time as well as identifying individual Adviser training needs. We are looking forward to a partnership with Fourth Line which will facilitate constant improvement and confidence in the quality and compliance of our advice to clients.”
Fourth Line CEO, David Travers commented “We are very excited to be working with Collins SBA to improve advice through the provision of a robust system that creates deep insights into the provision of financial advice. Our system incorporates world leading technology through our partnership with Swinburne University, and our collaboration with Mills Oakley provides the most rigorous and comprehensive financial advice review process available. We provide continuous insights that enable improvements in both the quality, timeliness and the cost of financial advice”
About Fourth Line
Fourth Line is a rigorous RegTech risk management and compliance system for advice practices, dealer groups and other wealth management participants. Fourth Line uses algorithmic approaches to simplify the complexity in advice reviews whilst maintaining critical human oversight. Fourth Line empowers compliance teams to coach and develop strong advice behaviors through data driven insights from analytics for adviser, practice/dealer group and industry benchmark comparison providing a centralised document storage and access portal to meet regulatory requirements.
About Collins SBA
Collins SBA is a corporate authorised representative of SBA Advice Pty Ltd is an Australian Financial Services Licensee No.488301.
For information email: info@fourth-line.com.au
