What fiduciary responsibility does a financial adviser have for their clients?

A fiduciary duty requires a financial adviser to prioritise the client’s best interests above their own.

Core Responsibilities:

Act with integrity and transparency when providing financial advice.

Provide suitable recommendations based on the client’s risk profile, objectives, and financial situation.

Avoid conflicts of interest (or disclose them).

Regulatory Requirement: The FCA and MiFID II mandate that advisers act in a client’s best interests when offering financial services.

???? Reference: FCA Handbook (Principles for Businesses - Principle 6), CISI Code of Conduct.