Taking advice
Article Abstract:
Private client services include advice on risk, including basic risks, such as those involved in dying with no will. Advice can be obtained on inheritance tax, and on other taxes such as capital gains tax. Understanding different tax regimes may also be important. Divorce has implications for private clients, and they may seek to hide assets by using trusts, a practice that British judges do not approve of. Clients need a team of advisers who can work together.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Read the small print
Article Abstract:
UK investors face risks from high-income bonds which promise a total return of no less than the sum invested but could lead to capital erosion due to capital being paid out as income. The performance of these bonds is linked to the stock market and is vulnerable to stock market falls. Critics argue that investors are not told clearly enough about the risks and some financial advisers no longer sell the bonds. Risk-averse investors should avoid these bonds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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