An AFS Licensee is responsible for monitoring, supervising and training their authorised representatives. These responsibilites are outlined in the ‘Regulatory Guide 104 Licensing: Meeting the general obligations (RG 104)’ and in the ‘Regulatory Guide 146 Licensing: Training of financial product advisers (RG 146)’ documents from ASIC.
Our Authorised Representative Monitoring Maestro-Solution is used to help you protect your AFS Licence! The Maestro-Solution enables your Client Relationship Managers to capture information from the Authorised Representatives (ARs) when they are conducting their annual/bi-annual client meetings. The Maestro-Solution also helps in on-boarding new Authorised Representatives and also allows you to enagage directly with your ARs if an AR needs more regular monitoring/engagement!
The Maestro-Form the Client Relationship Managers use in their client meeting looks to capture information pertaining to the ‘Activities of the Authorsied Representative’, ‘Authorised Representative’s Communications with the Licence Holder’ and ‘Authorised Representative’s Training’. Any issues automatically alert the Compliance Team so that resolution action can be taken.