Adviser mulls releasing 500 clients over MiFID II suitability demands

'Doubling up' workload

Victoria McKeever
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"Ultimately we only have so many hours in a day and so many people in the company" - Almary Green's Carl Lamb
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"Ultimately we only have so many hours in a day and so many people in the company" - Almary Green's Carl Lamb

Almary Green is considering releasing around 500 clients due to MiFID II suitability requirements "effectively doubling up" its workload, the firm's managing director Carl Lamb has revealed.

"If you follow MiFID II to the letter with regard to proving suitability then, rather than one appointment with a client you actually need two - so you're doubling up your work," Lamb (pictured) to...

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