Advisers shy away from challenging clients on their attitude to risk, despite evidence suggesting funds with higher risk ratings were more likely to give stronger returns in the long-run, according to research from FE.
The study of 210 advisers found 71% only "occasionally" encouraged their clients to take more risk to help them reach their financial goals, while 11% never attempted to do so. The remaining 18% said they...
Ramifications for advice firms
Calling for new advisers to join
Falls to 2.4%
Spent three years in the role
One of many options being 'kicked around'