Abbie Knight: DFM due diligence must be a two-way street

Best practice due diligence involves demonstrating the key criteria used and filtering processes adopted to support the adviser's decision making. While some feel this adds unnecessary complexity - particularly the requirement to create an audit trail - I think it makes good business sense. Rather than simply ticking a box for the regulator, due diligence should be viewed as a process that will add value to your business. If you flip your perspective, instead of a cumbersome and time consuming task, due diligence becomes a valuable investment of time and resource to mitigate business ris...