Blog: Advice on investing in a Saudi sand factory

Advice on investing in a Saudi sand factory

clock

Professional Adviser senior correspondent Carmen Reichman on advisers' 'duty' to clients...

We are all adults, and we don't like to be patronised. So if we think we know best about a financial decision, should our advisers have the right to refuse our request? Some advisers speak of a ‘moral obligation' to protect clients from themselves. They would rather lose a client than allow them to carry out a transaction they have advised against. But do they have a moral obligation to refuse a transaction if they think it's not in the client's best interest? Or is it their job to make sure the client understands all the pros and cons and then let them decide what they want? Here'...

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

MPs urge one-year delay to farm inheritance tax reforms

MPs urge one-year delay to farm inheritance tax reforms

Cross-party EFRA committee warns proposed IHT changes risk harming vulnerable farmers

Sahar Nazir
clock 16 May 2025 • 2 min read
Behind the advice: The hidden mental health struggles of financial advisers

Behind the advice: The hidden mental health struggles of financial advisers

As Mental Health Awareness Week spotlights wellbeing across industries, advisers speak out

Sahar Nazir
clock 16 May 2025 • 7 min read
IHT on pensions overhaul risks fuelling scams against 'fearful' public

IHT on pensions overhaul risks fuelling scams against 'fearful' public

Claire Trott calls for clarity on 2027 Budget reform that will bring pensions into estate tax scope

Sahar Nazir
clock 16 May 2025 • 3 min read