<h1>Broker launches UHNW bespoke wealth service - triggers PMS/AIF registration, KYC/AML, suitability, data protection and conflict disclosure duties</h1> A broking firm launched a bespoke wealth service for ultra-high net worth clients offering PMS, AIFs, bonds, global equity and structured products with dedicated relationship managers and a UHNI dealing desk and plans for national rollout. Legally, the initiative raises compliance obligations under securities and fund-distribution laws (registration and disclosure for PMS/AIFs), suitability and fiduciary duties, client onboarding/KYC/AML and cross-border investment rules, data-protection and confidentiality duties given the privacy emphasis, and potential conflict-of-interest and disclosure risks from priority allocations and institutional partnerships. Ongoing regulatory oversight and clear client agreements will be critical.