The package is available exclusively online and will provide firms the basic level of support from Bankhall.
Advisers will however have the ability to add on additional services.
The addition of the Foundation proposition gives directly authorised firms a total of six Bankhall support packages to choose from.
At the core of each package is Bankhall’s regulatory compliance with access to additional services such as compliance health checks, TCF reviews, file checks, audits and themed reviews, along with product and investment fund research.
Nick Kelly, managing director of distribution at Sesame Bankhall Group, said: “As we move into the new RDR world one thing is clear; there will be no let up in the regulator’s intensive supervisory approach.
“It is impractical for busy advisers to keep tabs on everything the regulator is doing. Bankhall employs a large team of highly qualified experts, which gives us a real insight into the changes taking place.
“We have now refined our proposition to enable more directly regulated firms to benefit from the compliance support and wide range of valuable services Bankhall can provide.”
Mike Wilson, joint managing director at IFA firm Francis Clark Financial Planning, who is also the largest firm of independent accountants in the South West of England, said: “Bankhall’s team of compliance experts have proved to be very valuable in ensuring that we are continually meeting our regulatory obligations and moving in the right direction.
“We have also worked closely with Bankhall to review our training and competence processes and undertake thorough due diligence on new firms, which is helping our business to evolve and grow ahead of the RDR.
“Along with regulatory oversight, Bankhall has also helped us commercially through their wide range of practical services. Their valuable support has made a real difference to the smooth running of our business.”
