Global risk is becoming more interconnected, more emotional and harder to ignore. For advisers, understanding how clients perceive risk is now just as important as modelling it, write Elly Dowding and Lee Coates
Advisers are being asked to operate in a world that feels materially more unstable than it did even a short time ago. Not just because of markets, but because of everything that sits around them: climate risk, geopolitical tension, economic pressure and declining trust in institutions. These factors don't appear neatly on a portfolio report, but they do show up clearly in client conversations. The World Economic Forum's Global Risks Report 2026 captures this shift well. It doesn't rank risks in isolation. Instead, it shows how they compound and reinforce one another, creating fragil...
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