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

Budget BADR changes could drive flurry of advice M&A but unlikely to hit valuations

Budget BADR changes could drive flurry of advice M&A but unlikely to hit valuations

Firms urged not to rush sales

Isabel Baxter
clock 09 November 2026 • 4 min read
Verve Foundation launches financial planning career pathfinder

Verve Foundation launches financial planning career pathfinder

Free tool is for all candidates exploring roles and vacancies

Sophia Panayi
clock 09 November 2026 • 1 min read
Women in Financial Advice Awards 2026: Photo highlights from the night

Women in Financial Advice Awards 2026: Photo highlights from the night

Celebrating the best women in advice and financial services

Professional Adviser
clock 06 November 2026 • 1 min read