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Key ingredients of suitable advice

18 December 2018

Delivering suitable advice doesn’t stop with risk profiling your client. Interestingly, the Financial Conduct Authority (FCA) doesn’t recommend a specific process or tools that firms should use, but firms must take reasonable steps to ensure a recommendation is suitable for their client¹. What’s more, in the very same document, the FCA states that “all firms, regardless of size or type, can carry out good research and due diligence”.