Platform Technology Due Diligence for Financial Advisers
The platform sector is in disarray—ageing technology, broken business models, and Consumer Duty challenges. Before you recommend a platform to clients, shouldn't you know if their technology is resilient?
I help advisers assess platform AI governance and technology resilience so you can make informed recommendations.
The Platform Sector's Technology Problem
The wrap platform market is facing unprecedented challenges. Many platforms are running on ageing technology stacks, struggling with integration issues, and racing to implement AI without proper governance.
For financial advisers, this creates a significant risk. When you recommend a platform to clients, you're implicitly endorsing their technology. If that technology fails—whether through AI errors, data breaches, or system outages—your clients suffer and your reputation is on the line.
Consumer Duty now requires advisers to ensure the products and services they recommend deliver good outcomes for clients. Can you demonstrate that you've assessed the technology resilience of the platforms you recommend?
Platform due diligence is no longer optional—it's a regulatory expectation.
The Risk to Your Practice
Recommending a platform without understanding its technology could expose you to compliance and reputational risk
Consumer Duty Liability
If a platform's technology fails your clients, can you demonstrate you conducted appropriate due diligence? Consumer Duty requires it.
Shadow AI Risks
Platforms are implementing AI across operations—some documented, some not. Do you know what AI is touching your clients' money?
Regulatory Scrutiny
The FCA is increasingly focused on technology risk in financial services. Your platform choices will be examined.
Data Protection
How does the platform handle client data in its AI systems? Are they compliant with data protection requirements?
Audit Trail Gaps
When AI makes decisions affecting client portfolios, is there a complete audit trail? Can errors be traced and explained?
Business Continuity
If the platform fails, what happens to your clients' investments? Have you assessed their technology resilience?
Platform Due Diligence Assessment
I conduct independent assessments of platform technology and AI governance, giving you the information you need to make informed recommendations
What I Assess
- AI systems in use across the platform
- Governance frameworks and documentation
- Data handling and privacy practices
- Third-party AI vendor relationships
- Audit trails and explainability
- Technology resilience and business continuity
- Regulatory compliance posture
What You Receive
- Comprehensive due diligence report
- Risk assessment with clear ratings
- Questions to ask the platform directly
- Consumer Duty documentation support
- Comparison against industry standards
- Recommendations for your practice
- Ongoing monitoring options
Platform Due Diligence Assessments from £5,000. Group rates available for adviser networks.
Why Financial Advisers Work With Me
Independent, expert assessment without platform bias
Independent Assessment
I don't receive commissions from platforms. My assessment is based purely on technology and governance quality.
Regulated Sector Expertise
I work exclusively with professional services and regulated industries. I understand FCA requirements and Consumer Duty.
The Pattrn Protocol
My governance framework provides a clear standard against which to assess platform AI practices.
Practical Outputs
You'll receive clear, actionable reports—not academic papers. Information you can use in client conversations.
Consumer Duty Ready
My reports are designed to support your Consumer Duty documentation and evidence requirements.
Personal Service
I conduct every assessment personally. You work directly with me, not a junior analyst.
When to Commission Platform Due Diligence
Before Recommending a New Platform
Ensure you understand the technology risks before adding a platform to your panel or recommending it to clients.
During Annual Platform Reviews
Technology changes fast. Include AI governance in your regular platform due diligence cycle.
After Platform Technology Announcements
When a platform announces new AI features or technology changes, understand what it means for your clients.
Following Industry Incidents
When technology failures hit the news, assess whether your recommended platforms have similar risks.
Protect Your Clients. Protect Your Practice.
Book a free discovery call to discuss platform due diligence for your practice. I'll help you understand what you need to assess and how to document it.
Or email me directly at rohit@pattrndata.io
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