We don’t tick boxes
You hear a lot about compliance these days. There’s scores of regulations that financial advisers have to meet, with new ones coming all the time. Most of these are good rules that we believe in and support.
But, like risk, compliance is a big word for us, much bigger than mere regulations. Pacific IFA’s overall goal in compliance is not to meet a set of rules but to meet our own goals as well. That’s why we invite rigorous outside audits from former officials of the Financial Services Authority, one of the most respected regulatory agencies of its kind anywhere.
And as a matter of routine, we subject our entire business to relentless self-analysis. We look hard at our investment philosophy, our results, our counter parties, our attention to detail, the quality of our service, and of course our observance of officially mandated compliance practices. We even have our own in-house compliance officer who conducts spot checks on all the firm’s procedures. So you could say we do audits on audits
Far from being a nuisance, we see all these checks and balances – compliance, if you like -- as a vital part of our success.