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.


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