Wealth managers are back in business as the economy proves. The difference between opening an account now and back in the Celtic Tiger is the raft of paperwork. You now set out your experience of the markets, your profile, your desired risk levels and then the wealth manager sends a profile report advising you whether you have or should low, medium or high risk investment appetite. The problem really lies with the overly simplistic Financial Regulator's guidelines on investment risk which silos government bonds in low risk (if you want to lose money!) and equities as high risk. These guidelines may be the rod to beat wealth managers who advise their clients that equities are the only show in town and are not as high risk as the regulator maintains.