Dover expands compliance team
Dealer group Dover Financial Services has appointed an additional compliance team member following the growth in authorised representatives around Australia.
Dover will make a further two appointments to its compliance team within the next three to six months.
Adviser manager at Dover Peter Thompson said rather than having business development managers promoting vertically-integrated solutions, Dover “prefers to use its workforce to ensure comprehensive supervision and technical support is being provided in a timely manner”.
Mr Thompson said AFSLs have a responsibility to their advisers and clients first and foremost “to focus on the appropriateness of advice, with the importance of a product-based solution being a secondary solution”.
“Our commitment to our advisers and their clients is to ensure we provide the most robust compliance program possible,” said Mr Thompson.
“This starts with advisers understanding our standards and responsibilities, as well as the need for statements of advice to be articulated in a certain way.”
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