Should investors pass financial tests before playing markets?

Need for financial tests for investors

clock

David Stevenson discusses the merits of a 'financial bond' between advisers and investors, which may help prevent short-termist behaviour.

We live in strange times, in which experts and people in power are the subject of open vitriol. I am constantly astonished, for instance, at just how many people openly hate politicians. But this corrosive cynicism extends well beyond the obvious candidates all the way through to finance professionals. As a tiny case study, I spent the weekend with my in-laws and, although they heartily despise most of our prime ministers, they are equally critical about financial advisers, especially those who led my father-in-law into the disaster that was Equitable Life. Their view is the expert...

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 Investment

AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read
Tatton AM launches range of passive funds as AUM surpasses £20bn

Tatton AM launches range of passive funds as AUM surpasses £20bn

Net flows double from last year

Cristian Angeloni
clock 13 November 2024 • 1 min read
Mabel Insights adds DFM partner

Mabel Insights adds DFM partner

Additional Waverton data to be available on comparison site

Jen Frost
clock 12 November 2024 • 2 min read