Rathbones Halts Onboarding of New High-Risk Clients
Rathbones, a financial services company, has announced a temporary pause in accepting new clients categorized as high-risk. This measure specifically suspends the firm's onboarding process for individuals or entities that meet its established high-risk profile criteria.
Rathbones, a financial services firm, has implemented a temporary suspension of its onboarding process for new clients identified as high-risk.
This decision means the company will not be accepting new individuals or entities that fall within its established high-risk client criteria for an unspecified period. The action specifically targets the intake of new clients, signaling an operational adjustment concerning risk management within the firm.
According to Yahoo Finance, this development reflects a current measure by Rathbones.
