In the second of a two-part series examining what comprises a compliant client file, Alex Miller delves into the necessarily-granular world or suitability reporting...
In the previous article, I looked at the importance of four of the key areas that advisers need to address when drawing up a client file: accepting customers; knowing customers; assessing attitude to risk; and investment process. This time I'll be focussing on two equally important areas: research, literature and product disclosure, and suitability reporting. Research, literature & product disclosure Independent advice There must be full, whole of market research for both product and provider/platform/wrap to justify the recommendation; Sufficient evidence must be on fil...
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