Level 1, 1180 High Street, Armadale, VIC 3143, Australia
Improving the quality of financial advice
Applying a bionic approach to improve the quality of financial advice
Fourth Line started when a collective of leaders in the financial services sector came together with the sole purpose of helping licensees and advisors improve the quality of advice. The founders drew on expertise across advisors, licenses, legal, academia and technology with a belief that technology alone cannot determine the appropriateness of advice.
The mission was to design and roll out a robust, industrial strength advice risk management and compliance tool to the advice of profession that combined both machine learning and human oversight. Fourth Line firmly believe even with access to the world leading technology, human oversight is necessary to ensure that personal advice meets todays exacting standards. A bionic approach is needed.
Our Bionic Approach Fourth Line developed a rigorous 100-point compliance check in conjunction with Mills Oakley lawyers which covers… Demonstrate how much you act in your client's best intrest Bionic RegTech augmented by human oversight Deep insight into the risk in your advice process Data-driven advice ananlytics and benchmarking Pre-advice review Verify the quality and content of......