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  • Can Bots Help Wealth Managers with Suitability Reviews?

IFP CONTENT AWARDS 2020 - VOTE NOW!

Report RCloud Can Bots help Wealth Managers with Suitability Reviews?

Can Bots Help Wealth Managers with Suitability Reviews?

Regulatory requirements for Suitability have become increasingly stringent, and it's seen as an important control for safeguarding the interests of investors.

Wealth managers are now allocating many more resources in conducting these reviews periodically. However, a thematic review conducted by a UK regulator, even before MiFID II, found that firms were still falling substantially short of expectations over the suitability of their investment portfolios.

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Report Snap Shot

  • What is the suitability assessment and why does it exist?
  • Challenges in Current Process
  • The RPA Opportunity