Should more advisers in the UAE turn to outsourcing?
Region’s financial sector is ‘developing and evolving at a rapid pace’
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
Region’s financial sector is ‘developing and evolving at a rapid pace’
FCA expected to enforce the rules ‘aggressively’
Next-gen clients being ignored as IFAs focus on older, wealthier investors
Regulator places due diligence and monitoring in the spotlight
Centralised investment propositions could become ‘unmanageable’ for 97% of firms
Technological development is a key area of focus now the Praemium International acquisition is complete
It previously only offered investment advice to large institutional clients
In Hong Kong, Singapore and Australia after hiring from Towers Watson
But some firms with potential non-compliance have been asked to ‘take action’
Only 53% are comfortable working with an investment partner with advice arm
Whatever anyone says, past performance is still used as a guide when allocating clients’ money – but it is thankfully not the only guide.
While IFAs increasingly outsource the management of their clients’ investment, managing the risk of their clients’ investment remains theirs.