Better Business: Can a friend be a client?

Having friends as clients has always been a bit of a grey area. On the one hand, you want the best for them and they know and trust you well. On the other, what if something goes wrong? “Money can change people’s attitudes,” says Adrian Lowcock, senior investment adviser at Bestinvest. “You hear of it in so many different situations: friends who have rented or bought a house together, or a husband and wife who have ended up divorced. You certainly do not want a situation where friends end up losing money and blaming you.” With this in mind, what is the best way to protect your friends...