The Prudential Handbook for Investment Firms – Improve business & compliance (Client Records)

The Prudential Handbook for investment firms issued by the Central Bank of Ireland sets out in a simple usable format how to comply with good practice and The Investment Intermediaries Act, 1995 for firms authorised under section 10 (Financial Advisors & Brokers). Chapter 1 outlines the requirements that define the relationship and transactions (Supervisory & Reporting, Section 14 of Act) required for an Intermediary and the Central Bank. Chapter 2 sets out the books and records required under section 19 of the Act, and provides...

read more

Q&A: Seamus Fox CEO Global Life & Finance

Global Life & Finance were the first group to adopt the Brokerprove system. They took part in the pilot test of the system. They have had the system running as a normal part of their business for a number of months now, so we asked their CEO, Seamus Fox, about how Brokerprove has changed the way they do business. Why did you decide to use Brokerprove? “We have a couple of issues in our business that we thought it would help with. Brokers have a big storage issue. We file everything, down to brochures. That means buying filing cabinets and...

read more

Text & Tweet Protection – Protect your reputation

Irish company Digiprove announces  Text & Tweet Protect During the recent Presidential TV debate where information from a Tweet was used live during the debate and it was later admitted the Tweets claim was false, however the damage was done to the leading Independent candidate. Following this incident and several others where high profile individuals were misrepresented and a series of malicious Tweets issued, Digiprove looked to developing a simple, cost effective solution using its patented digital content security technology, which...

read more

Brokerprove (Compliance made easy)

“Brokerprove” =”Compliance made easy” Today Brokers are faced with many new and changing regulatory requirements following the global and local Irish financial crisis. It is understandable from a societal perspective that creating trust and confidence in our financial systems and services is essential and that business and consumers alike are willing to go back into the market for whatever services they need. That said the demands on Brokers & Advisors are ever increasing as regards paperwork, records ,processing information and...

read more

Brokerprove and the Shredder

Files build up. It’s a fact of life for brokers and financial advisors, the more clients you have, the more files you have to store. So successful brokers have stacks and stacks of files. There a few problems that come with this success, and a big stack of files can be a real problem. As a broker you’re required to keep a copy of all of your clients’ documentation for 6 years after a case closes. The more cases you deal with, the more clients you have; the more space you’ll lose to old case files. So how do you deal with this problem? For...

read more