The five steps to 'common sense' suitable advice

It seems only right for an article claiming to provide an insight into suitable investment advisory processes should start with what the author views as bad practice. Then I'll follow up with an examination of what is good. First up, this article is not concerned with regulation. Regulation is imposed generally to fix an existing problem. By dint of its genesis, regulation is often imprecise and overly prescriptive. When talking with advisers around the world, it's commonly said that regulators don't understand them, their clients or the industry. In this article, I want to talk about...