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Advisers unaware of care, diligence, skill
Monday 14th of July 2014
Strategi has issued a white paper on care, diligence and skill. The Financial Advisers Act (FAA) requires that every adviser “exercises the care, diligence and skill that a reasonable financial adviser would exercise in the same circumstances”.
But Strategi’s managing director, David Greenslade, said many advisers, especially RFAs, were not aware of what the standard was that they were r...
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