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FCA gets granular in wealth

Comment: The FCA has published a thematic review on the wealth sector which spells out the risks in the way managers operate

One of the big problems with wealth management is the way advisers make brave promises to win client accounts, but fail to live up to expectations as relationships develop.

Robert Taylor, newly-appointed head of wealth management and private banking at the Financial Conduct Authority, formerly chief executive at UK private bank Kleinwort Benson, knows his sector well enough to understand how this situation can develop.

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