Threesixty has written to clients outlining plans to extend its support for financial planning firms with a new business risk package.
It says more than 30 clients have signalled an interest in the service after it notified clients of plans yesterday.
The firm says it is currently developing the service and is seeking to gauge demand and requirements from clients.
Threesixty says the new module is planned to include assessments of cash flow modelling, investment committees and documentation on independent or restricted status as an extension to the firm’s existing core compliance checks.
The new support package is targeted at firms offering financial planning and can be added to clients existing use of Threesixty’s support services. The firm charges a typical monthly retainer fee of around £500.
Managing director Phil Young says: “Financial planning is a growing area and the risks associated with financial planning are not necessarily the same as making a recommendation on a financial product.”