Goals-based advice represented a fundamental challenge to the traditional model of risk profiling of clients, but it was wrong to say there could not be a synergy between the two, according to imac legal and compliance.
In a blogpost for No More Practice yesterday, imac legal and compliance principal lawyer and director Ian McDermott sought to dispel the myth that incorporating a goals-based approach was a new development for the advice sector, given the industry’s traditional tilt towards a client’s personal objectives.
Read the full article in Financial Observer
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