Should advisers offer a scam 'sense check' service?

Expertise applied ad-hoc for a fixed fee

Laura Miller
clock

One adviser in Devon is urging anyone who is contacted by potential scammers to call him before they part with any money. Is this a new service advisers can offer a likely grateful public?

Philip Milton, managing director of Philip J Milton & Company, an independent wealth manager in Barnstable, has issued an oft repeated but too frequently ignored warning to investors - it is not just the elderly or vulnerable who are susceptible to financial fraud, you are too. "The perpetrators of this type of fraud are especially cunning and use a number of psychological tricks to warm the prospective victim and then gradually entice them deeper into their web with ever more attractive - and plausible - suggestions," he said.   Too good to be true Milton gives an example that w...

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

Feel Good Friday: First Wealth launches donor advised fund

Feel Good Friday: First Wealth launches donor advised fund

Supporting The Global Returns Project, Grief Encounter, FoodCycle and Verve Foundation

Professional Adviser
clock 07 August 2026 • 1 min read
Deal Dive: Regional planning firms make their mark

Deal Dive: Regional planning firms make their mark

Deals announced in Q2 2026

Isabel Baxter
clock 06 August 2026 • 3 min read
The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

The paradox of invisible value: How to ensure clients recognise the power of advice in volatile times

'Investing is not just a technical exercise; it’s an emotional one'

Kate Rainbow
clock 03 August 2026 • 4 min read