Skip to content

Asset Management / Investment Management

Whether dealing with institutional or private investors, the business model of asset management can entail low volumes of high-value customers.
108364 PLE Images 628x8007
iStock-1132660268-1
iStock-1461321266-1
iStock-664599098-1

Managers need to have a deep understanding of their clients in order to maximise the potential returns on their assets. This means that the cost of compliance when onboarding a new customer can be high and the process cumbersome. Ineffective screening systems can negatively impact customers’ experience; inadequate due diligence processes can result in repetitive and intrusive requests for information, as well as delaying the opening of new accounts. 

As the sector welcomes diversification, new asset classes such as digital assets and art bring new compliance challenges, and resources can be thinly stretched when navigating different regulatory regimes across jurisdictions. Whether your firm focuses on a traditional portfolio, or is seeking to diversify through alternative assets, the current global trend towards stricter regulatory oversight can increase the cost of compliance. Carrying out due diligence on complex corporate structures can be a time-consuming and resource-intensive task, leaving you exposed to a number of financial crime risks, including:  

  • Sanctions risks, especially with PEPs
  • Money laundering, e.g. through: 
    - offshore trusts / companies
    - customers from higher-risk countries 

Uplifting your financial crime controls and investing in new RegTech solutions that help firms to harvest existing open-source data can positively impact your bottom line by reducing the costs of compliance and boosting its efficiency. 

Our asset management experience

Plenitude has an established track record in assisting asset management clients to proactively assess the effectiveness of their existing Financial Crime Compliance framework, systems and controls, and implementing the required enhancements as part of S166 review or independent assessment, to mitigate the risks highlighted above. We also have supported multiple firms post regulatory review, to advise on the response plan and support the successful implementation of the required enhancements as part of a remediation or transformation programme, including large-scale KYC remediation as part of our Managed Service offering. 

We have worked with a variety of institutions in the sector, from boutique firms to global financial institutions, as well as new firms seeking authorisation. 

CFP_6556

Our approach, benefits and outcomes we deliver

We understand that all firms’ business activity, customer base and risk appetite will differ. We therefore work closely with our clients to develop a deep understanding of their business and FCC framework in order to develop an effective, proportionate and risk-based approach to financial crime risk management.  

 

Plenitude’s services and capabilities are grounded in our multi-jurisdictional expertise, our proprietary suite of tools and RegTech products, and our deep understanding of sector-specific regulatory obligations and needs. This enables us to deliver the following benefits and outcomes to our clients: 

  1. Market-leading advisory, transformation and technical expertise with tech-enabled delivery:

    our full-service offering enables us to meet all of our clients’ needs. Our tech-enabled delivery approach leverages our extensive suite of proprietary tools and RegTech products which enables us to accelerate delivery and reduce overall engagement costs.

  2. Regulatory compliance and assurance:

    we enable clients to fully understand and meet their regulatory obligations, along with the ability to present robust documentation to demonstrate their conformance with regulatory requirements.

  3. Enhanced efficiency, effectiveness and cost reduction:

    our tech advisory, data analytics services and RegTech products enhance efficiency, optimise detection accuracy, streamline workflows and reduce false positives, leading to improved effectiveness and significant cost savings.

  4. Access to cutting-edge technology and future-proofed compliance:

    we enable our clients to stay ahead of evolving regulations and criminal tactics by optimising current systems and controls, deploying the latest AI-powered technology and data analytics services. 

  5. Compliance transformation: 

    we partner with clients to transform their entire compliance function, fostering a culture of data-driven decision-making and continuous improvement.

Our Services

Our capabilities address the entire spectrum of financial crime risks and, as a full-service provider, we can meet all of our clients’ needs in order to deliver a truly integrated consulting service. We can assist with a wide range of needs, including independent assessments, policy and standards enhancement, risk assessments, specialist tech and data support, and remediation and transformation program design and execution. No matter what the requirement, we are here to help.

Discover more about our services and see why our integrity, passion and delivery excellence have been praised by so many clients. 

108364 PLE Images 628x80011
Advisory & Transformation

Clients typically engage us when they have been subject to regulatory feedback, are expecting a visit from the regulator, or have concerns and want to take proactive action. Regardless of the situation, we can help.

laptop s166-min
S166 Skilled Person Services

Under the Financial Services and Markets Act 2000 (FSMA), the FCA’s Section 166 review is an independent review by a third party (a ‘skilled person’) about aspects of a regulated firm’s activities where the FCA has concerns or requires further analysis.

108364 PLE Images 628x8008
Fraud Practice

Global regulatory shifts are compelling financial organisations to prioritise fraud prevention more than ever, and rising fraud complexity highlights the critical role of operational teams as the first line of defence.

108364 PLE Images 628x8005
Digital Assets Practice

In slightly more than a decade, the digital assets industry has skyrocketed to a market cap of over 2 trillion USD, bringing innovations poised to revolutionise monetary systems, financial services and beyond.

108364 PLE Images 628x8009
Technology Advisory Services

Regulated firms face a constant battle against financial crime, and technology plays a crucial role in this fight. However, leveraging technology and keeping up with innovation comes with its own set of challenges.

108364 PLE Images 628x8006
Data Analytics Services

Data quality, siloed systems, and the ever-evolving tactics of criminals make effective data analysis a constant battle. Firms need to break down these silos to get a holistic view of customer activity and identify hidden patterns that might indicate a financial crime threat.

108364 PLE Images 628x800 13
KYC Managed Service

The regulatory landscape continues to evolve placing increased regulatory pressure and demand on institutions to meet their KYC/CDD compliance obligations, often at significant cost.

108364 PLE Images 834x6009
RegTech Products

Our RegTech subscription products enable our clients to manage financial crime obligations, country and client risk more effectively while reducing internal risks, costs and resource demands.

Our specialists

Plenitude PP (69)

Daniel Keay

Senior Executive

Plenitude PP (70)

Jesal Punjani

Senior Executive

Plenitude PP (71)

Manuel Fajardo

Head of Digital Assets

IMAGE (10)

Tom McKay

Head of Data Analytics

Plenitude PP (38)

Alex Brennan

Senior Manager

Alex Statham

Alex Statham

Senior Manager

Chris Duffy BW 400x400

Christopher Duffy

Senior Manager

Graeme Ford

Graeme Ford

Senior Manager

Paul Mclear

Paul Mclear

Senior Manager

Stuart Phillips BW400x400

Stuart Phillips

Senior Manager

Sean Bresnahan

Sean Bresnahan

Manager

Simon Hancock

Simon Hancock

Manager

Get in touch to speak to the team or to request a demo

Our best-in-class team are committed to building a secure financial system, safeguarding society, and empowering our clients to meet their regulatory obligations. 

Contact Us
Group 1-1