Rockstone Compliance has launched a new partnership with intermediary platform Acre in a move to help brokers meet their third-party compliance requirements.

This includes the outcomes that firms are required to meet under the Financial Conduct Authority’s (FCA’s) Consumer Duty.

Acre’s CRM platform was built with automated verifications of case data, key compliance workflows and self-documenting history of each client and case to ensure consistent advice and good customer outcomes.

Rockstone stated that the Acre platform’s insights, which use real-time dashboards, detailed reporting and transparent, customisable workflow, were deciding factors in its decision to bring Acre on as a preferred supplier for its clients.

“Firms are required to report to the FCA several times a year, and it is crucial that this information is both accurate and timely,” said Rockstone director, Elizabeth Harris. “Sadly, some systems are not up to task – leaving brokers open to risk.

“We’ve known Acre for some time and are impressed by how they’ve embedded data collection and reporting into every step of the advice journey, diminishing the potential for error and making the jobs of compliance officers much easier. From day one of being on Acre, brokers will be compliant and it's why we have decided to formalise a partnership.”

Acre CEO and founder, Justus Brown, added: “No one understands the complexities of compliance better than Elizabeth and her Rockstone team. They recognise the critical role good technology holds in meeting regulatory requirements. We are thrilled to have their recognition as a superior platform that has been built with compliance in mind.”

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