Eric Armstrong of Synaptic explains why MiFID II is a ‘game changer’ and how Financial Planners can build it into their client advice process efficiently and cost-effectively.
MiFID II is a game-changer for the industry in a variety of ways. It gathers up the warnings from multiple thematic reviews imploring advisers to employ better research methodology, while deploring the many instances where research was lacking.
Eric Armstrong of Synaptic looks at some of the ways Financial Planners can assess and work with investment risk
It is very difficult to predict the outcome of an investment in the short term, but medium term we can predict much more accurately. It is a similar explanation as to why a dice may have 1 out of 6 outcomes in a throw, meaning the next throw is impossible to predict. However, throw a dice 10k times and the outcome can be predicted with certainty.
Eric Armstrong of Synaptic Software looks at how Financial Planners can cope and prosper with the MiFIDII investment directive which arrived in January.
As many have commented, themes that have emerged in the new MiFID rules are actually UK regulatory concepts that have been ‘sold in’ to the European bureaucratic machine and returned to the UK as part of Europe wide regulation.