For the professional referral & monitoring A wealth and asset management referral is a big responsibility. All professional firms at one time or another will refer their clients onwards to wealth and asset managers. TAMRIS believes that referrals should not be based on personal relationships nor should they be made in the interests of developing or maintaining business relationships with these firms. Referring an individual to a financial advisor/portfolio manager/investment advisors/financial planner, is a big responsibility. Where referrals are made, they should be made at arms length, after completing due diligence, to companies where the service and service standards have been expertly vetted. TAMRIS can help professional firms assess a firm's core expertise, systems, services standards, transparency, costs and overall quality as well as offering monitoring service options. It can also help firms select and monitor wealth and asset managers to which referrals are made. There will come a time when the professional who provided the referral will be considered liable for handing over investors to an advisor who has later been found wanting. Ensuring that you have completed due diligence will protect your clients, your relationships and ultimately the interests of all concerned. At some point in the future referrals to financial services’ firms will be monitored by the firm’s own regulatory bodies and professional vetting will be a regulatory requirement. For more information on Professional Referral and Monitoring Services, please contact TAMRIS.  | 
