Good financial advisers are relationship people and are in their element working with clients and solving their issues. Depending upon the survey you read, advisers today only spend about 20-60% of their time face-to-face with clients. The rest of their time is consumed with administrative tasks – a big one being compliance – making it difficult to put their time and effort into doing what they do best – helping clients.

To help FAPs improve their profitability and get back to doing what they do best, Strategi Compliance has launched the Virtual Compliance Officer (VCO) service. There are three standard solutions – VCO Lite, VCO Plus and VCO Premium plus there is the ability to build a bespoke solution. 

The solutions start as low as $500 plus GST per month (VCO Lite – FAP with one adviser) and rise to $1000 plus GST per month (VCO Premium – FAP with one adviser) with the option to pay a bit more for each additional adviser. 

The feedback we are receiving from clients is this is far more cost effective than recruiting and training inhouse staff to do the compliance role. Contact us to obtain more details and a quote to suit your needs.