Centralised investment proposition suitability review

Looking at your firm’s centralised investment proposition (CIP), we will consider its design, implementation, and how its implementation is governed and monitored. Again, we’re flexible and the service can be adapted. So whether you need a robust test of your due diligence and research into providers and funds of choice, or a close look at the whole process and client journey, we’ve got your back. A firm’s investment proposition typically underpins how the firm and its advisers deal with clients, so it’s important you can demonstrate its suitability. We can help you achieve this.

How this service helps

We’ve developed a framework to help you focus on all areas of the CIP in detail including the risk profiling process and its alignment to clients’ risk classification, product governance, research for portfolio construction, the selection of third parties, and its implementation throughout the business and advice journey.

Using our compliance expertise, market knowledge and business relationships, we will work with you to ensure your investment proposition:

• Is fit for purpose• Is in the best interests of both clients and the business• Leads to suitable outcomes for clients• Is understood by both clients and staff• Is consistently applied across the business• Is clearly articulated, communicated and evidenced• Has sufficient governance and oversight in place• Is robust in the face of challenge• Does not expose the business to unknown or unacceptable risks• Is aligned to your business model and investment philosophy

What to expect

Following a short discussion about your options and requirements, we’ll agree on what service will benefit your business the most:

• A consultation focusing on priority areas This is to identify gaps, put in place an action plan and help guide you through its implementation. It can be tailored to your needs, but it’s likely to include a review of your current proposition and processes, the consideration of alternatives or improvements in the context of your business, your clients and regulatory requirements.

• A review of internal or client facing documents Such as:

- Your advice and investment process - Client risk profiling system - Attitude to risk definitions - Investment committee terms of reference and minutes - Internal process documents - Centralised research and due diligence process and documentation

Product governance and investment proposition

Product governance and investment proposition

Investment committee effectiveness review

Once up and running, the smooth functioning and governance of your investment proposition is essential to achieving good client outcomes and meeting your regulatory requirements. We’ll make sure yours is effective.

How this service helps

This focused service helps to identify any governance weaknesses at the heart of your investment proposition.

By comparing your investment governance processes against best practice examples from amongst your peers, threesixty can either give you reassurance or highlight any areas in need of improvement.

What to expect

• An examination of your selection process, terms of reference for investment, product and due diligence committees. Does your governance framework set you up nicely to meet the needs of your existing and target markets? We’ll examine your selection process and terms of reference for investment, product and due diligence committees to find out.

• Analysis of your firms due diligence on significant third parties We’ll measure the quality of your firm’s due diligence on any significant third-party providers that support your investment proposition, including platforms, investment solution providers and risk tool providers.

• A review of your productivity To give you confidence your governance committees are productive and doing their job, we’ll analyse meeting minutes to ensure agenda items are discussed and match your firm’s terms of reference.

• An examination of your client outcomes Good client outcomes should be the focus for all investment governance committees. We’ll look for evidence that committee discussions are either maintaining or improving these outcomes.