Financial Advice Provider (FAP) licensing solutions

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This information is current at the time of publishing but is subject to change without notice. While every care has been taken to supply accurate information, errors and omissions may occur. Accordingly, Strategi Group accepts no responsibility for any loss caused as a result of any person relying on this information. Copyright in this publication is owned by Strategi Group, Strategi Ltd or Strategi Institute Ltd unless otherwise indicated. View our disclaimers, privacy and refunds policy. 

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OUR SOLUTIONS

FAP licence templates - individual templates or whole kits

Need only one or two policy documents to complete your FAP licence application? Or perhaps you need a complete suite of documents to save you time and money?  Strategi Compliance has a solution for both scenarios with a complete range of policy and process documents available, along with checklists for operating a FAP.

 We can also help you figure out what it is you need, by completing a gap analysis. We can then provide the necessary templates, or better still a customised solution, to fill that gap. 

We have documents covering every aspect of a FAP and the licensing process, including the following.

  • Board and management fit and proper requirements
  • Governance
  • Risk and compliance
  • Training
  • Complaints handling
  • HR
  • Adviser recruitment, training, and supervision
  • IT and cybersecurity, including business continuity
  • Code of Conduct, whistleblower, conflict of interest
  • Financial resources and professional indemnity
  • Advice process and advice documents
  • Vulnerable clients, privacy policy

Need a gap filled?

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  • Not sure if your draft FAP licence application is ready to be submitted?
  • Need help with a particular part of your application?
  • Received questions from the Financial Markets Authority (FMA) on your FAP full licence application and need help to answer them?
  • Already have a FAP full licence and now want to make changes to how you operate? 

Strategi Compliance can assist in any of these situations. Contact us to find out how.

Reviewing FAP licence applications

OUR SOLUTIONS

FAP licence remediation work

Businesses evolve and sometimes FAP licences need to be amended or improved due to FMA feedback, findings from compliance reviews and audits, regulatory changes, new regulator guidance notes, or due to material changes that the business wants to make to reflect a new business initiative. 

Remediation work often requires expert assistance and the team at Strategi Compliance has the experience for this. We can project manage the complete workstream or just do the technical parts you need help with.

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There is never a ‘one size fits all’ situation when it comes to licensing.

Larger FAPs will want detailed standalone policy documents which include processes, controls, and checklists. Smaller FAPs and one adviser operations usually combine all the policies, processes, and controls into one comprehensive manual that becomes its day to day operating bible, while also being the key supporting document for the FAP licence application.

Strategi Compliance has three solutions to fit different sized businesses.

Building FAP operations manuals

OUR SOLUTIONS

OUR SOLUTIONS

Completing FAP full licence applications

For many businesses, documenting policies and processes and drafting detailed licence applications does not come naturally. If this is you, then Strategi Compliance can help. We work with you to draft your licence application and supporting documents - saving you both time and money. We can build the application framework and convert the way you operate into the right words. 


This can be done on a fixed price basis or on an hourly rate. Price will vary depending upon business size and complexity. Contact us for more detail.

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Strategi Compliance has been providing compliance reviews for financial advisers for over 20 years. Our experienced team includes individuals with financial adviser qualifications, AFA status, law and business degrees. We provide over 500 FAP/adviser compliance reviews annually.

The range of compliance review services we offer includes the following.

  • Client file reviews
  • Licensed FAP and Authorised Body end to end compliance reviews
  • Conduct reviews
  • The Virtual Compliance Officer service (suitable for small FAPs which do not have inhouse compliance staff)

Get your review underway

FAP and adviser compliance reviews

OUR SOLUTIONS

OUR SOLUTIONS

Advice on technology solutions

Strategi Compliance works across the entire financial services industry and is in a position to see what works and what doesn’t. We know what advisers like and hate when it comes to technology. Furthermore, we are not conflicted, as we are not a technology vendor. 

We have seen many of our clients transform their operations and radically improve client satisfaction by implementing the right technology. Our Business in a Box package outlines the solutions leading advisory businesses may want to consider and our experienced team can provide guidance and arrange introductions to the right vendors.

Our Guidance Note: Selecting new software for the business  provides insights into the process needed to select the right software to ensure you meet both your current and foreseeable business needs.

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The right advice process and documents can transform your business when integrated correctly, and with the right technology. Strategi Compliance has been developing advice processes and documents for over 20 years with its documents currently used by thousands of New Zealand advisers.

We have everything from our purely paper based ‘Gen 1’ documents available, right up to our new ‘Gen 3’ digital suite of advice documents - which are shorter, quicker to produce and far easier for clients to understand.  We can build bespoke documents.

We also offer advice process workshops where we work through what is possible and what you want to achieve. Or you can tell us what your specific needs are and we can build from there.

Talk to our team to get started.

Developing new advice processes and innovative advice documents

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OUR SOLUTIONS

Conduct reviews

Good conduct is now a major consideration for all FAPs, and Strategi Group has developed a number of solutions to help. We offer:

  • conduct training modules within Radar (our online education platform). This enables you to upskill staff each year;
  • bespoke or template conduct policies;
  • detailed conduct reviews, culminating in a conduct assessment report; and
  • a good conduct assessment tool – enabling internal self-assessment of how well the business is demonstrating good conduct.
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