Financial services

The financial services sector is a complex and heavily regulated area. It is vital that you are aware of new rules and regulations and how they affect your business. Our deep understanding of the pitfalls and issues businesses in the financial services industry face means we can give practical, realistic, advice to help you succeed.

Our financial services accounting team provides a full service to clients of all sizes, from start-ups to substantial private and public companies across the whole of the financial services industry.

Complementing our core audit, accounting and tax services, we deliver practical, commercial business protection advice through our specialist controls assurance, risk management and technology advisory team. We help clients manage the increasing legislative and supervisory requirements that they are facing with a range of integrated governance and risk management, internal audit, and regulatory and compliance services. Moore Kingston Smith ensures a sound and robust compliance framework is in place across your organisation.

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Family offices

A family office is driven by the needs and preferences of your family and there is no standard for how one should be structured. Having spent many years helping different generations of families achieve their personal goals and financial objectives across a wide variety of industries and sectors, we know what it takes to make your business succeed.

We have the expertise and the knowledge to structure family businesses and trusts in such a way as to protect wealth as well as achieving growth and stability. We take a holistic approach to your business needs, offering up complementary services outside of our core auditing, accounting and tax solutions, which include risk management, outsourcing, corporate governance and succession planning.

Our capabilities go beyond our core service offering and our in-depth knowledge means that we are there to act as your trusted advisor. We understand the regulatory  environment in which you operate and are on hand to suggest practical improvements that are appropriate for the level of risk concerned. While we are confident that the services we can provide are unmatched by any of our competitors outside the top six accountancy firms, we understand that no two family offices are the same and our approach will be tailored to your needs.

We are experienced in advising on all aspects of the services you provide, such as wealth planning, investment management, philanthropy, private equity and trustee services.

Our expertise to family offices includes:

Fintech

As a sector, fintech is growing faster than many thought possible. The UK treasury estimates it is worth £20 billion to the economy. London is the biggest global centre for fintech firms, with more employees – some 130,000 – than either Silicon Valley or New York.

If fintech is your world – we appreciate how entrepreneurial, innovative and ambitious you are. You recognise the need to comply with regulations, but you also need to focus on growing your business.

The good news is that with us, you can do both.

Our team of dedicated fintech accountants and business advisers understands the complex demands of the Financial Conduct Authority. Our GDPR (General Data Protection Regulation) portal is a unique offering and will enable you to remain on the right side of the law when the new rules come into effect this year. And our core audit, accounting, corporate finance and tax services will ensure you are meeting all obligations while maximising your entitlements.

The Moore Kingston Smith Fintech Group brings together financial services and technology advisers to support clients in four main categories:

  • Payments
  • Lending
  • Personal finance
  • Business tools and banking infrastructure

We regularly guide clients on attracting investors, international expansion, sales and exits while our existing relationships with incubators, accelerators and key multipliers consolidate our status as trusted advisers within the fintech ecosystem.

We help you thrive in a changing world.

Our fintech sector services include:

IFAs, wraps and networks

The impact of the Retail Distribution Review (RDR) is making this a challenging time for IFAs and the distributor market. Businesses need to have a close eye on change management, training and development, as well as the expectation of consolidation in the sector over the next few years. Our specialist team can help support firms in this area though. We have real experience of providing assurance, regulatory, operational and technology services to firms across this sector and support clients at all stages of their development, from business start-up to mature business operations. We can also assist by providing due diligence and expertise in transaction negotiation.

Technology can be transformational in helping to deliver significant business improvements to IFAs, wraps and networks and yet it brings with it some of the greatest and fastest changing threats. With technology taking an ever growing proportion of corporate spending, it now represents the major concentration of risk and reward for many businesses in the sector. Our business protection consultants can design and help develop tailored business continuity solutions, identifying the major spending inefficiencies and cost leakage in your technology cost base, designing and building workable approaches to information security, reviewing your data architecture and helping you define how data is stored and managed, as well as identifying gaps between your technology operations and best practices, and providing solutions to bridge those gaps.

We provide specialist services to insurance brokers in the following areas:

Insurance intermediaries

The insurance intermediary arena has become increasingly challenging in recent times, due to continued change in solvency and capital adequacy regimes, increased competition as a result of market consolidation and online price comparison sites, and the intense scrutiny over brokers’ handling of client money by the regulator.

Moore Kingston Smith’s Financial Services sector group provides leading audit and advisory services to insurance brokers in the UK. With substantial fines now being handed out to firms who do not control client money correctly it is vital to appoint an auditor who has a complete understanding of the FCA’s rules and is abreast of regulatory changes. Our specialist audit staff and compliance consultants can guide insurance brokers through the regulatory maze and provide expert assurance services which the FCA give credence to.

We provide specialist services to insurance intermediaries in the following areas:

Investment management firms, stockbrokers and funds

Investment management is a highly dynamic marketplace which incorporates a vast range of financial products, systems and strategies. Firms must strive to outperform the competition and need professional advisers who understand and can advise on innovative strategies to ensure strong performing products can be built, whilst ensuring the appropriate regulatory frameworks are in place. Tax structuring and the retention of key performers, particularly in light of the Remuneration Code, are crucial in this highly competitive arena.

Moore Kingston Smith’s specialist Financial Services sector group provides expert advice and support to investment management firms, stockbrokers and funds, from start ups through to listed companies. We help to structure the business efficiently for tax and put the appropriate regulatory controls, risk frameworks and governance procedures in place. Our specialist tax department provides advice on issues including transfer pricing, UK and offshore tax structuring and employee benefits.

We provide specialist services to insurance brokers in the following areas:

Mortgage brokers

Mortgage brokers have had a particularly difficult time over the last few years with a saturated market, lack of competitive products on the market, increased regulatory scrutiny and ease of online resources. Being able to adapt and manage cash flows has been crucial in guiding firms through these challenging times. Firms must strive to outperform the competition and need professional advisers who understand and can advise on innovative strategies to ensure strong performing products can be built whilst ensuring the appropriate regulatory frameworks are in place. Tax structuring and the retention of key performers are crucial in this highly competitive arena.

At Moore Kingston Smith we provide pragmatic solutions and give real, specific advice to clients in this sector. We help to structure the business efficiently for tax and put the appropriate regulatory controls, risk frameworks and governance procedures in place.

Our expertise to mortgage brokers includes:

Lead Contact

Tom Moore

Partner
+44 (0)20 7566 4000
Email: Tom Moore

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Moore Kingston Smith quickly understood our needs and offered a new perspective on how to grow our business. We received innovative strategic advice that no other firm considered.

David Tucker
CEO, Worldwide Currencies