European wealth managers predict tougher suitability regulations
Most feel they will be pressured to pay compensation for failing to understand clients’ risk profiles
Risk
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Mena advisers call for improvements to client risk assessments
As 54% expect industry professionalism to increase dramatically over the next 5 years
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Greater Bay Area wealthy demand more sophisticated advice
ESG and crypto feature strongly among risk-seeking rich investors in the region
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The rise of risk management in financial advice
It has become a ‘defined function’ within smaller firms ‘not just bigger institutions’
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Investors ‘compelled’ to allocate more to high-risk assets
But most younger clients say performance impacts their mental health
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Young Brits gamble on high-risk products to compete with friends
UK regulator unveils £11m campaign to help inexperienced investors understand the market
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Should investors increase risk levels in multi-asset portfolios?
As expected lower returns for equity and bond markets will have knock-on effect
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How to educate clients on minimising risk
Hong Kong firm said it took a while to ‘convince’ investors about asset allocation and diversification
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Stagnating returns for under 40s pension savers
They are in low-risk schemes with no potential for better growth
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Do adviser biases risk muddying the water for clients?
‘It is important to be aware that people who seek advice are often very different to those who give it’
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Flaw in multi-asset funds exposes investors to greater risk
Close correlation between fixed income and equities to lead to ‘meagre returns’
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UK set to impose tougher rules for high-risk investments
‘We have already taken action by banning the mass-marketing of speculative mini-bonds’ says FCA