Fourth Line

Fourth Line is a financial services and wealth management startup with a mission to empower licensees and advisers to build trust, respect, and deeper relationships with clients through quality advice. The company envisions compliance as an advice enabler, a tool for collaboration, and cooperation to improve the quality of advice to ordinary Australians. The Fourth Line Quality Advice and Risk Management (QARM) system is designed to help Licensees and Advisers identify advice-related issues before they escalate into problems. By addressing these issues at the inception of the advice, trust is built with clients, the reputation of the advice firm is enhanced, and costly client remediation programs are avoided. Moreover, Fourth Line supports licensees with due diligence programs, ensuring that advisers joining the network have a proven track record of offering high-quality advice. Notably, Fourth Line complements existing compliance frameworks, using algorithmic approaches and expert human oversight to simplify the complexity in advice reviews and provide data-driven insights at the adviser and licensee levels. As a startup founded in 2018, Fourth Line addresses the need to reimagine compliance as the industry transitions into a profession. The company aims to make compliance more agile, proactive, and forward-looking, mitigating financial risks associated with breach reporting and general licensee obligations. Overall, Fourth Line positions itself as a valuable ally in the financial services and wealth management industry, facilitating the evolution towards a more trustworthy, client-oriented approach to compliance and advisory services.