Need for an Independent Advisor in WhatsApp and TASI

The report highlights that the Saudi financial market lacks a sufficient presence of independent financial advisors, despite widespread individual access to the market through digital platforms and active trading. The number of employees within market institutions is significantly lower than in developed countries, with data indicating approximately 16 employees per 100,000 adults in Saudi Arabia, compared to 104 advisors in the United States and 54 in the United Kingdom. This deficiency deepens the guidance gap, increasing the risk of financial fraud, leading to unregulated practices such as paid recommendations and unlicensed trading, and negatively impacting market efficiency and stock pricing accuracy—especially during initial public offerings. To strengthen the market, the report urges the regulation and expansion of independent financial advisory services, with safeguards to protect investors’ interests and prevent conflicting incentives. It advocates for flexible regulatory models that separate asset management from guidance, utilize modern technologies to enhance transparency, and aim to improve demand quality and pricing, ultimately fostering more efficient capital allocation in the Saudi market.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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