Obligation to Inform

The information obligations of investment consultants are normally divided into two categories:

  1. Wealth managers are obligated to provide their customers with necessary information. This assurance obligation normally comes into play early on in the client-consultant relationship.
     
  2. Financial advisors and wealth managers are also required to make all relevant information available to clients – this disclosure obligation is an information obligation in the narrow sense of the term. Information which must be shared includes disclosures of the code of professional ethics relating to a wealth manager or investment consultant, their organization and obligations. Informing clients about possible investment risks is also central to this obligation.

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