Why do financial advisers need so much personal information?
10 March 2023
If you’ve ever enlisted the help of a financial adviser, you may have felt that submitting vast quantities of personal information was a little like climbing a mountain; exhausting, seemingly relentless and fairly painful.
Most organisations view regulatory visits with a sense of trepidation. It’s perfectly understandable; any compliance failings can have huge implications for both the business’ reputation and that of the jurisdiction in which it operates.