Ken Davy: Regulation is counter-productive
02 Dec 2015
In my 40-plus years in financial services, I have met many thousands of advisers; however I am yet to meet a single one who chose to enter our great profession due to a passion for compliance and regulation.
In reality, the vast majority choose to become financial advisers from a passion to help people manage their financial affairs in a more direct and personal way than in the accountancy and legal professions.
Of course, as in all walks of life, regulation and monitoring play a very important role in ensuring that the unscrupulous or reckless are weeded out and that clients are treated fairly.
Read the full blog post on FTadviser.