Advisers have been cautioned not to make short-term “emotionally driven decisions that could have a lasting impact” on long-term financial well-being.
Speaking to Professional Adviser, Embark Investments chief executive Barry MacLennan said taking on more risk might lead to better outcomes for advisers, but "this requires a thorough understanding of the potential impact on the overall portfolio". He said an increasing number of advisers are engaging in "more informed discussions" with clients and pointed out a positive trend in increased conversations about risk. "More informed clients are going to be more aware and more comfortable with the concept of risk and this is going to happen with more dialogue between adviser and client," ...
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