Firstly as the sibling said it’s bad practise and puts your clients’ funds at risk if there is a problem somewhere else in the business eg fraud or just poor re

Firstly as the sibling said it’s bad practise and puts your clients’ funds at risk if there is a problem somewhere else in the business eg fraud or just poor record-keeping. Secondly it’s often a violation of the asset management contract terms (see the section on “Illegal commingling” here https://www.investopedia.com/terms/c/commingling.asp https://www.investopedia.com/terms/c/commingling.asp