Culture is the most effective risk tool wealth managers are missing out on

'Understanding a firm's culture is understanding its risk profile'

clock • 5 min read

The greatest threats to client outcomes rarely start with a spreadsheet. They start with corporate culture, writes Bev Shah

Risk in wealth management has traditionally been viewed through a familiar lens: performance volatility, liquidity, concentration and counterparty exposure.  Yet recent history has shown the greatest threats to client outcomes rarely start with a spreadsheet. They start with corporate culture. The collapses of once-respected names like Woodford Investment Management and Odey Asset Management were not just stories of poor performance or bad luck. They were failures of governance, transparency and internal challenge. Cultural weaknesses that went unchecked until they became unmanageable...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Rosemount renews mental health partnership for advisers

Feel Good Friday: Rosemount renews mental health partnership for advisers

Supporting The Global Returns Project, Grief Encounter, FoodCycle and Verve Foundation

Professional Adviser
clock 11 September 2026 • 1 min read
Is compliance the hidden driver of business value and saleability?

Is compliance the hidden driver of business value and saleability?

'The reality is simple - buyers will pay more for certainty'

Paul Bruns
clock 09 September 2026 • 7 min read
PFS Festival of Financial Planning returns for 2026

PFS Festival of Financial Planning returns for 2026

To take place on 18-19 November at NEC Birmingham

Sophia Panayi
clock 08 September 2026 • 1 min read