Client Case Study - Financial Advice
Manchester Economic Forecasting
Client Profile-Financial/Investment Advice
SAI-helping to deliver suitable advice and build a profitable business
The SAI was set up by the serial entreprenneur and thought-leader Paul Resnik in 2018 to enhance professionalism within the
Financial advice/IFA sector- its website states:
..when you're building financial advice systems or products that will meet suitability requirements things quickly get complex. The SAI brings together tools, information, resources and expertise that will help you navigate your way to suitability, covering:
..when you're building financial advice systems or products that will meet suitability requirements things quickly get complex. The SAI brings together tools, information, resources and expertise that will help you navigate your way to suitability, covering:
- Education — Explaining the five core components of ‘suitable advice’ and linking to regulations for major markets
- Podcasts — A virtual conference at your desk, with insights into how to build advice systems that have suitability in their DNA
- Blog — Analysis of developments in suitability
Client Needs-Applied Risk Education
How SAI work with MEF- Illustrating the 5 "Proofs"
SAI's mission is to ensure that financial advice meets some basic, professional criteria as set out in the
SAI wheel above. Knowing how (global) economic shocks can impact both finanical returns and ESG exposure - is a crucial
aspect of "Know your product" but also indirectly impacts all proofs.
MEF is thus a regular contributor to the various professional roadshows and education events that SAI stage. A common misconception is any potential returns surprises are "all captured by the Montecarlo risk fan"; but as the GFC, COVID and Ukraine have demonstrated this can be a highly complacent assumption by IFAs. The riskNZ App is also used by Investment Professionals & Financial Advisers to quickly guage the impact of various economic/policy shocks on both Portfolio returns & ESG ratings
MEF is thus a regular contributor to the various professional roadshows and education events that SAI stage. A common misconception is any potential returns surprises are "all captured by the Montecarlo risk fan"; but as the GFC, COVID and Ukraine have demonstrated this can be a highly complacent assumption by IFAs. The riskNZ App is also used by Investment Professionals & Financial Advisers to quickly guage the impact of various economic/policy shocks on both Portfolio returns & ESG ratings
Articulating Macro/ESG risk in Professional Education/CPD
See MEF Educational/CPD sessions on Global Risks/Scenarios at the 2018/19 SAI UK Roadshows:
Client Feedback
On MEF's Global Risk Inputs/Education enhances SAI's mission
"..given our role in raising standards in the Financial/Investment advice sector its essential that big picture global risks - that are
often ignored as "givens" - are factored into the advice process. MEF's input on both identifying and quantifying how
global risk "out there" can drastically impact real-world financial outcomes is essential to our wider mission of making
financial advice fully suitable and ensuring that informed consent has been fully secured...."
If you would like to initiate an informal chat about how MEF's models/tools/Apps may augment your investment advice offer, please email us at: finance@mef-uk.com
If you would like to initiate an informal chat about how MEF's models/tools/Apps may augment your investment advice offer, please email us at: finance@mef-uk.com