Investment Management Association (IMA) sectors are often the first port of call for advisers looking to recommend funds to clients. But are they fit for purpose? Thesis Asset Management director of business development and marketing Lawrence Cook thinks not...
Today's advisers are acutely aware that the advice and recommendations they give to clients now could be scrutinised in the future, by a regulator more stringent than the FCA. This means they need to do some fairly robust due diligence so they can be absolutely certain that suitable really does mean suitable for each client or client segment. > Read: FCA flags warning about due diligence on investment outsourcing < But what tools can they use, and what is wrong with the traditional IMA benchmarks? Could it be that relying on IMA sectors is outdated? The issue is that investment m...
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