INGOSO

About

Interactive Governance Solutions (Ingoso) is a compliance and governance business that specialises in the audit and assessment of Australian Financial Services License (AFSL) holders, sub authorised financial planning practices and individual financial advisers. Ingoso combines a working knowledge of the Corporations Act and Financial Services Reform Act, ASIC Regulatory Guides with general compliance best practice.

Background

Any entity wishing to issue a financial product, deal in a financial service, or provide financial advice in the Australian market must obtain an Australian Financial Services License (AFSL). Unbelievably, ongoing compliance with the conditions of an AFSL once obtained is often given little human or technological resourcing by AFSL license holders. Without a license, there is no business!

Services

Compliance obligations extend beyond the simple maintenance of client files and involve such matters as an examination of recurring revenue, analysis of "approved" financial products, records of meetings, governance, and product decision-making, and making sure that the financial management and ongoing management of the business is being done in accordance with regulatory expectations