PIMS 2011: Does your investment process stand up to FSA scrutiny?

Saran Allot-Davey of Heron House Financial Management opened PIMS 2011 with a keynote address on how the FSA is taking firms' evidencing of their investment process seriously, which means advisers should too. "Create a detailed document explaining your investment process," she said. "It will aid the writing of suitability letters, meet the FSA's increased preference for consistency, and will help attract clients by making it clear to them exactly what you do when you invest their money." Evidencing your investment process - the key points to include: 1) Statement of your firm's b...