25 years: Wealth and risk management specialist
In this video, Faisal will talk about the services that wealth management professionals offer their clients, such as trade brokerage, investment advice, discretionary portfolio management, and the use of investment vehicles such as pensions and trusts. He will also explain the extremely demanding regulatory environment in which these services are provided that requires wealth managers to always ensure the services provided are suitable and appropriate for their clients.
In this video, Faisal will talk about the services that wealth management professionals offer their clients, such as trade brokerage, investment advice, discretionary portfolio management, and the use of investment vehicles such as pensions and trusts. He will also explain the extremely demanding regulatory environment in which these services are provided that requires wealth managers to always ensure the services provided are suitable and appropriate for their clients.
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14 mins 9 secs
The wealth management industry is a very extensive and wide-reaching area of the financial services sector. It caters to a range of different people, from those with many millions in assets to those with substantially less, but in all cases offering a great deal of different services to its clients.
Key learning objectives:
What are the services that wealth management professionals offer their clients?
Understand the regulation of the wealth management industry
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The regulations that are particularly relevant to the Wealth Management industry cover the areas such as Financial Crime prevention and include the Proceeds of Crime Act and Investment suitability requirements covered extensively in Markets in Financial Instruments Directive and finally Treating Customers Fairly guidelines issued by the Financial Conduct Authority that are aimed at the fair treatment and protection of clients that are individuals.
This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.