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 Glossary   >   B   >   "Best advice" Definition   

        Best advice

A requirement of the 1986 Financial Services Act and in turn the Financial Services Authority that a financial adviser, whether independent or tied, must provide best advice regarding the most suitable product for a client, having first established a full understanding of the client"s financial background. An additional requirement is that recommendations should not be influenced by commissions which the agent receives on products sold

Best advice


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Best advice - A requirement of the 1986 Financial Services Act and in turn the Financial Services Authority that a financial adviser, whether independent or tied, must provide best advice regarding the most suitable product for a client, having first established a full understanding of the client"s financial background. An additional requirement is that recommendations should not be influenced by commissions which the agent receives on products sold


Best advice : a requirement of the 1986 financial services act and in turn the financial services authority that a financial adviser, whether independent or tied, must provide best advice regarding the most suitable product for a client, having first established a full understanding of the client"s financial background. an additional requirement is that recommendations should not be influenced by commissions which the agent receives on products sold