Client segmentation is critical now that PROD sets out rules on selecting investment services for clients. Here’s an approach to consider.
How does PROD differ from previous regulations and how ready are advisers for PROD?
“Research” -v- “due diligence” – What’s the difference?
We often hear about the need to undertake research and due diligence on the products and services recommended to clients, but what does that mean in practice? Specifically, is undertaking research the same as due diligence, or are the two different? And this is an important question, because there is confusion in the market about