Our Financial Services sector approach

Financial Services spans a large variety of business, at Menzies we work with clients across the sector including mortgage and insurance brokers; investment businesses; consumer credit firms; platforms offering P2P lending and crowdfunding solutions; asset managers and alternative investment schemes.

Our team has decades of experience working with Financial Services firms which helps us to understand the challenges faced and tailor our service and advice. Whether this be our knowledge of carrying out CASS audits for both investment (CASS 6 & 7) and insurance (CASS 5) firms or meeting the tight deadlines for filing reports and accounts on Connect.

We endeavour to make ourselves available to clients when they need us and will ensure there is access to multiple members of the team so that help is always at hand.

Key challenges in the sector

In an ever-changing financial landscape, staying ahead of the curve is paramount. As a leading accounting firm specialising in the financial services sector, Menzies understands the unique challenges businesses face in today’s dynamic environment.

Financial services organisations are facing a number of industry challenges which require them to keep up with constant change, driven by technology and also regulatory compliance.

This is particularly evident regarding the handling of client funds, which require strict adherence to FCA protocols. There is also a mounting imperative to integrate sustainability principles into business operations and investment strategies and to align with evolving societal expectations.

The continued emergence of blockchain technology is creating opportunities and complexities, which also require adept navigation of regulatory landscapes. With the relentless pace of technological advancement, particularly in artificial intelligence this is leading to changes in service delivery models and creating new security risks, which need to be managed.

More than ever, Financial Services organisations are needing to embrace innovation, uphold regulatory compliance, and champion sustainable practices in order to succeed in this fast-paced environment.


Get in touch with our Financial Services team

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