The adviser group has signed a "formal" deal with the regulation and compliance experts to provide its members with Newpark branded training and resources ahead of the implementation of the FSLAA changes, due to come into effect in March. 

According to Andrew Scott, general manager of Newpark Home Loans, the tie-up will give members a "special pricing deal that only Newpark members will get". 

Scott said bringing in Strategi was the best option for the group, given its breadth of expertise around the new regime. 

"They have the experience of delivery that other groups' in-house compliance resources don't," said Scott. "A lot of groups' regulatory and compliance resources will come under pressure. This will help our advisers focus on service delivery. It's a great fit for us and is a huge benefit for our members."

The need for external compliance resources comes as the firm encourages individual adviser businesses to take their own financial advice provider (FAP) licence under the new regime. 

The group wants members to take care of their own licensing and compliance matters, unlike other large groups which encourage members to work under a group FAP licence. 

Newpark will get a FAP licence at group level to demonstrate its compliance with the new regime to product providers, Scott said.

The agreement with Strategi comes as the group hits 210 adviser members. The business launched at the end of 2018 after buying out former joint venture partner Mortgage Link.