Phineas’ comments have been reproduced below with kind permission from Rathbones is not alone: the growing challenge of servicing complex clients – FTAdviser.
Phineas Hirsch, partner – private client at Payne Hicks Beach, says: “Firms across the wealth management sector have had to review their internal policies for onboarding higher-risk clients, particularly since Russia’s invasion of Ukraine and the subsequent sanctions regime.
“Rathbones has brought attention to the issue, but the underlying challenges affect many firms.”
For further information, please contact Phineas Hirsch. Alternatively, telephone 020 7465 4300.
