Ongoing fees require ongoing evidence. When a client stops engaging or a review falls behind, the fee exposure is immediate. Wealth IQ gives compliance teams a clear view across the whole client book and a record that answers the question.
Working MVP available for demonstration. Start with one workflow and one client cohort.
The exposure is not clients who pay no fee. It is clients who are paying an ongoing fee where the service cannot be evidenced. Charged and unevidenced is the population that matters.
Fair value obligations require firms to demonstrate that the service delivered is commensurate with the fee charged. When evidence is thin, the firm cannot defend the charge and cannot demonstrate the client has been served.
The review date has passed. The client is still paying. There is no record of contact, completion or exception approval.
The client has not responded to contact in a material period. The service continues to be charged. The record does not reflect this.
The review took place. The record does not support it. The adviser's notes exist somewhere. The compliance file does not.
The Head of Compliance cannot see which of the above applies to which clients, in one place, without running a manual report.
Wealth IQ answers these questions across the whole client book, not one case at a time.
Which clients have a review due in the next period, and which have already passed their date without a completed record.
Which clients have not responded to contact within a material period, while an ongoing fee continues to be charged.
Which clients have had a material change in their record since their last completed review, creating a potential evidence gap.
Which client files are incomplete, inconsistent or missing documents required to support the services the firm provides.
Report writers and meeting assistants produce the suitability document, the review letter, the meeting notes. They serve the adviser and the client.
Wealth IQ holds the firm's evidence record. The files that sit behind the client-facing document and must be produced on request.
Firms already using a report writer or meeting assistant are better prospects, not worse. The two records serve different purposes and different audiences.
Each surface addresses a part of the review and evidence process. All are available for demonstration. Gaps are assessed against the scope of service for that client, not a single firm-wide checklist.
Organises the client facts and supporting information available for the review. Surfaces what is present and what is not.
Identifies missing, inconsistent or outdated information and prepares a structured view for the compliance reviewer.
Organises information relevant to the firm's suitability review. Flags issues for the adviser or compliance team.
Identifies clients who are paying an ongoing fee where the service record is thin, overdue, or shows no recent engagement.
Assembles the firm's compliance evidence record for each reviewed client. The file that sits behind the client-facing output.
Brings outputs together for the firm's review process. Routes exceptions to the appropriate person. Records the outcome.
Supports checks for missing, inconsistent or outdated information relevant to financial crime obligations. Prepares issues for the compliance team. Screening connections and coverage are agreed in pilot scope.
Financial crime obligations fall under the Money Laundering Regulations and JMLSG guidance. This surface operates separately from the advice suitability and fair value surfaces above.
Wealth IQ integrates with your existing CRM and writes results back to the wealth data model using agreed field mappings. No replacement of existing systems. Supported entities and connections are confirmed during scoping.
Current integrations include:
The first engagement is a scoped paid engagement on one client cohort. It is not a free trial and not a platform purchase. At the end of it, the firm receives a finding it keeps.
Agree the workflow, data sources, system of record configuration, permitted actions and human approvals. Define what success looks like before work begins.
Run the agreed workflow against the cohort with required compliance oversight in place throughout.
Compare evidence completeness, exception volume, staff time and output quality against the baseline established at scoping.
Wealth IQ is an AI platform from Monexa AI Labs Ltd for recurring compliance work in regulated wealth management. We help teams carry out client reviews, KYC refresh and evidence preparation within their existing system of record.
Our approach is to build a repeatable platform with standard capabilities and firm-specific configuration. We start with a defined workflow, measure its value and use what we learn to improve future deployments.
Participation does not indicate FCA approval, endorsement, or authorisation of a product or service.
Tell us how your team handles it today. We will show you the working product and discuss whether a defined pilot makes sense.
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