Financial Advisory Framework
Introduction
The Financial Advisory Framework, managed by the National Framework Partnership, is an integral part of the ‘Financial Services’ category, designed to persist until 17 February 2025. This framework is not a Dynamic Purchasing System (DPS) but rather a structured procurement route aimed at facilitating the secure exchange of sensitive financial information between organisations. The primary objective is to foster an environment where confidential data can be shared under strict compliance with confidentiality agreements, thus enhancing mutual benefits while safeguarding information integrity.
Context & Use Case
Within the realm of financial services, the handling of confidential information is critical. This framework is particularly beneficial for businesses engaged in financial advisory roles, offering a structured approach to managing sensitive data. Contracting authorities employ this framework to ensure that financial services firms adhere to best practices in data security and confidentiality. By employing this framework, organisations can confidently collaborate, knowing that robust protocols are in place to protect financial information, thereby mitigating risks associated with data breaches and non-compliance.
Scope of Services
The Financial Advisory Framework encompasses a range of services central to the financial sector. These include but are not limited to: 1. Financial Planning: Offering strategic advice on managing finances to meet specific business goals. 2. Investment Advice: Providing guidance on investment opportunities, portfolio management, and risk assessment. 3. Risk Management: Identifying potential financial risks and developing strategies to mitigate these risks. 4. Compliance Advisory: Assisting firms in adhering to financial regulations and standards. 5. Transaction Advisory: Advising on mergers, acquisitions, and other financial transactions. 6. Due Diligence: Conducting thorough investigations and assessments of financial operations and transactions.
Who Can Apply
The framework is open to a diverse range of suppliers operating within the financial services sector. Suitable applicants typically include financial advisory firms, investment consultancies, compliance specialists, and risk management experts. While not a DPS, this framework maintains a closed application process, meaning suppliers must apply within the specified timeframes to be considered for inclusion.
Buyer Benefits
Public sector buyers utilise the Financial Advisory Framework to streamline procurement of financial services, ensuring compliance with established security and confidentiality standards. This framework offers a reliable route to market, reducing the time and complexity involved in procuring advisory services. By leveraging this framework, contracting authorities benefit from pre-vetted suppliers, competitive pricing, and the assurance of quality service delivery, all while maintaining stringent data protection measures.
Lots
Not applicable
Next Steps
Suppliers interested in participating in the Financial Advisory Framework should undertake a thorough review of the specific requirements and conditions set forth by the National Framework Partnership. It is advisable to contact the contracting authority directly to obtain detailed information and guidance on the application process and deadlines.
How Biddable Can Help
Biddable provides valuable support to suppliers navigating the complex landscape of public sector procurement. By offering insights into framework opportunities, assisting with preparation for application submissions, and enhancing pipeline visibility, Biddable helps suppliers make informed decisions and strategically position themselves within the market. Our services ensure that suppliers are well-prepared to meet the demands of frameworks such as the Financial Advisory Framework.