What you need to tell clients about platforms re-reg

I have written – and spoken – extensively about platforms during the past nine years, always working on the principle that I do not know all the answers, never mind all the questions. A recent visit to Manchester to see a top compliance manager was no exception. This individual made me think of an adviser having a compliance officer as a guardian angel. He said that each and every piece of advice must tender itself for inclusion on a wrap or platform, and that no adviser should assume the answer to this. He also highlighted the oft-forgotten Financial Services Authority (FSA) requi...