The Financial Conduct Authority (FCA) was established in April 2013 in order to regulate wholesale and retail financial services firms. Since then, the manner in which financial services are provided has evolved and been adapted to the benefit of the consumer.
However, the increase in regulatory requirements for firms and greater scrutiny and intervention from the regulator, has resulted in a significant increase in the number of firms being subject to enforcement actions resulting in regulatory sanctions.
Jacob Bernstein, founder of Richdale Consultants Ltd & Richdale Brokers and Financial Services Ltd, saw the difficulties financial service providers were facing with ensuring they were regulatory compliant and has devised ‘The Richdale Journey.’ This unique approach is designed to support you on every step of your journey whether as a Directly Authorised firm by way of compliance and operational support or as an Appointed Representative with our cutting-edge platform.
The core principle of our business is to ensure that financial service providers, are at every stage of their career, suitably equipped to provide their clients with a high-level of service. Whilst regulatory guidance and support remains the core of our business, we pride ourselves on the additional valuable services we can provide by way of our cutting-edge platform offering training and development, and other services.