What is the advice risk?

Jon-Paul Hale

However, much of the recent market noise about dealer groups, FAPs and bank aggregation has raised more than a few comments that included statements about advice risk.

Now, most of us appreciate that there is a risk to running an advisory business. If what we say and recommend turns to custard, we expect to be facing some interesting questions.

And for the majority of us, the general attitude is regardless of where the FAP discussion lands the approach will still be: don't screw it up. Focus on providing sound advice and building a great business by getting it right.

Which at the end of the day is what we need to be doing too.