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

The Platforms Association acquires the UK Platform Awards

The Platforms Association acquires the UK Platform Awards

Clive Waller hands over the awards programme

Isabel Baxter
clock 30 July 2026 • 2 min read
FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Covers advisers, platforms and wealth managers

Sophia Panayi
clock 30 July 2026 • 3 min read
'Underperforming' sector does more damage to women over time

'Underperforming' sector does more damage to women over time

Y Tree executive director Eliana Sydes speaks to PA

Sophia Panayi
clock 29 July 2026 • 2 min read