Suitability Reports
Check and Demonstrate Your Firm's Compliance Against Each Suitability Requirement:
Client Details Documentation: Verify a comprehensive recording of name, email, and phone, with guidance explaining why accurate profiling builds a foundational understanding, aligns with COBS 9.2 for personalised advice, and prevents mismatches in recommendations.
Financial Situation Overview: Confirm structured summaries of income, assets, and liabilities, including rationale on why holistic views assess affordability, mitigate overexposure risks, and evidence compliance with suitability obligations under COBS 9.
Income Sources Verification: Document diverse streams like salary or investments, highlighting why detailed sourcing evaluates stability, supports risk tolerance matching, and complies with FCA expectations for thorough fact-finding.
Assets and Liquidity Assessment: Verify listings of liquid and fixed assets, explaining why this identifies available resources, informs investment strategies, and ensures recommendations avoid undue financial strain per COBS guidelines.
Liabilities and Debts Tracking: Confirm logging of mortgages or loans, underscoring why debt analysis prevents unsuitable leverage, aligns with net worth calculations, and demonstrates prudent advice under regulatory scrutiny.
Regular Commitments Inclusion: Document ongoing expenses like repayments, with insights on why this gauges disposable income, tailors sustainable plans, and fulfils COBS 9 duties for realistic suitability evaluations.
Firms leveraging RegTechPRO achieve up to 40% faster suitability reporting, with clear guidance on FCA COBS expectations, turning client assessments into compliant, confidence-boosting deliverables.