My role is like being an interpreter.
I help AFSL owners who are struggling to understand and apply legislation, because they can’t figure out how to bridge the gap between regulator expectations and the reality of giving advice.
My role is to provide confidence that if the regulator knocks on the door, risk has been mitigated as much as possible. I like to say that we see ourselves as the eyes and ears for danger – we see it before others do. For us, it’s hiding in plain sight.
Our job is to give you the right tools.
When we can make the application of the legislation simple and seamless, it becomes a part of doing business and not the focus.
Just like breathing.
We remove the stress from managing compliance, by resolving the uncertainty around decision making and application.
Now, compliance isn't your total focus anymore. Providing valuable advice and services to your clients and supporting your team become the focus again.
Rhett’s diverse career spans the legal and financial services industries. He has worked as:
- A solicitor in private practice
- An investigator for the Australian Competition and Consumer Commission (ACCC)
- A panel case manager for the Financial Ombudsman Service (FOS)
- The Head of Compliance for an ASX listed company that holds two AFS licences
- Rhett has acted as an independent expert in enforceable undertakings
Rhett started Integrity Compliance and PDLegal to be able to provide support to AFS Licensees of all shapes and sizes. He felt there was a need to provide a service that understands and caters for the needs of financial advice businesses. He also recently passed the FASEA exam.
Rhett has a unique skill set and a deep understanding of the balance needed to achieve both regulatory and commercial outcomes. He also has passion and energy for our industry and better advice solutions, with 100% commitment to delivering the best solutions.
"When we can make the application of the legislation simple and seamless, it becomes a part of doing business and not the focus."
Rhett Das, Managing Director
A little bit more about Rhett...
I like to think I have quite a few impressive credentials, but these are the most important to you:
- Bachelor of Business, University of the Sunshine Coast (2001)
- Bachelor of Laws, Victoria University (2004)
- Graduate Diploma of Legal Practice, College of Law (2006)
- Diploma of Financial Planning, Kaplan Professional (2015)
- Master of Financial Planning, Kaplan (Current)
A bit of balance
Balance in life can help you be better at your work. This gives me a great excuse to indulge in:
- Riding and caring for our horses - we have Friesians (very large horses), who are calm and just like really big dogs
- My love for motorcycles, but there is only one brand - Ducati
- Having a healthy mind and body - I make sure I fit in some pilates, yoga and HIIT each week
What you don't know
There are some interesting facts you are unlikely to know about me.
- I'm actually related to Ned Kelly
- My godfather was the only person to land a Mirage A3-16 at Tullamarine on its fuel tanks and survive
- I’m left-handed
- I'm great at show jumping
Having known Rhett and his team for many years, when we decided to get our own AFSL we immediately engaged him for both establishing our AFSL and also the ongoing compliance work. The quarterly meetings, together with 4 audits per year for each of our AR’s is integral to us in ensuring we remain at the top of our game from a compliance point of view. Whenever we have a question or need a policy updated the team are quick at responding which is so re-assuring that we have them covering our compliance, it’s one less thing to worry about when running a business and AFSL.
JBS Financial Strategists
MTIS Private Wealth was established in 2015 and is currently the licensee to a number of authorised representatives. Our business provides financial advice and general advice. It became evident that due to our complex structure which includes advisory services, media services and separately managed accounts business, a stringent compliance regime needed to be in place. We were referred to Integrity Compliance and came to the quick realisation that the team at Integrity Compliance were just what we needed. Their experience was essential in ensuring we remain compliant at all times. Rhett has been at all times available to us in the event we need to run things by him and always happy to assist. Integrity Compliance are a terrific support to the management of MTIS Private. Since engaging Integrity Compliance, we have been able to focus on growing the business with the full confidence that the team stands beside us in meeting our compliance obligations.
Director, Investment Strategists (MTIS)
We have been working with Rhett and iCompliance now since 2016, since we decided to pursue the idea of obtaining our own Australian Financial Services license. Rhett helped us through the process of applying to ASIC for the license and was with us every step of the way until our license was granted and now, iCompliance continues to assist with our ongoing compliance position. The superior knowledge of the law and compliance that Rhett and his team have gives me comfort every day knowing that we are in the right hands and are proceeding down a path that is going to keep us out of trouble and ensure that we always maintain our documentation and compliance to the highest standard of legal, compliance and regulation.
There is never a question that Rhett and the team don’t know the answer to or can’t find the answer to. These guys are an amazing resource to have in your corner. iCompliance makes compliance a breeze with the proactive and innovative approach that Rhett and the team take. I feel in very safe hands with iCompliance.
Footnote: not to mention Rhett is a really top bloke who I’m sure anyone would be happy to call a mate.