Money Marketing: Will Mifid II drop warnings put clients off their advisers? | Whitechurch Securities Limited | Redland, Bristol

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Money Marketing: Will Mifid II drop warnings put clients off their advisers?

Under Mifid II, which came into force in January, investment firms providing portfolio management services must inform clients by the end of the following business day if the value of a portfolio has depreciated more than 10 per cent from the beginning of the last reporting period, and at each subsequent 10 per cent drop.

Whitechurch head of partnership proposition Ian McIver says: “Most clients of advisers are fairly well educated that markets can go up as well as down and volatility is part of the game."

Read the full article at Money Marketing, 29th October 2018.