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Your roadmap to AFSL success
Understand the gaps and find opportunities across your business with an independent GAP Analysis and Action Plan from Tangelo
Benefits to your business
Assessment is undertaken independently
You are engaged thoroughly through the process
You become aware of the critical gaps and areas of focus for your business
You are left with a clear “plan of attack”
Focuses on the core issues, not a “tick a box” type traditional AFSL legal review
Provides a view of the areas where you are performing strongly.
You’re in control with our modular and people-driven approach
You choose a comprehensive review or pick and choose the modules you want to focus on.
Our review typically takes 4-6 weeks and can be scheduled to meet the needs of your business.
AFSL Gap Assessment & Action Plan
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-Organisational competence
-Capability and role clarity
-Training and development
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Assess key AFSL operating frameworks, procedures and registers including:
-Monitoring and Supervision
-Incidents and breaches
-Complaints
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-Assess business and licensee risks
-Review controls and mitigants
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-Review policy framework
-Assess policies for gaps
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A draft initial report for feedback and comment
A final clear, concise report on the gaps and strengths observed in each area, including an action plan with longer term priorities and quick wins that can be implemented
A detailed outcome meeting with management and/or the Board.
Case study: How we help clients
A well regarded self-licensed business wanted to know where their gaps were so they could make incremental improvements. With a Tangelo AFSL Gap Assessment and Action plan, they got motivated to transform their business.
The challenge
Our client is a well-established licensee that has been in business for over 30 years . Operating via multiple advisers and a highly talented and high performing back-office team, they provide quality advice to over 1500 clients.
What we did
We performed a Gap Analysis, working through the AFSL to assess their People and Resourcing, Licensee Process, Governance, and Policies. Our team visited the client’s office and spent time building relationships and engagement with key stakeholders and staff to ensure everyone could feel confident that their voice and experience would be heard.