Some things never change: Best dressed man goes to Justin Urquhart Stewart and IFP chief executive Nick Cann is suspiciously bronzed. But PIMS is about more than that, so here are a few highlights...
Not doing what's right Is it ever acceptable for an adviser to go against a client's wishes, even if said adviser felt it was in their best interests? I put the following, hypothetical scenario to a handful of delegates at PIMS 2011 this week: Sensing a downturn in the market, you recommend reducing a client's weighting in equities and shifting a significant chunk into cash. Inaction, you feel, will harm your client. But he will not budge. You do not have the necessary discretionary approvals to make changes to your client's portfolio anyway, unless it is with your client's consent....
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