Results for "Ask the Ethicist"

Displaying 25 results

Sort: Date | Relevance

Author:

TV show paints bleak picture of financial planners

May 29, 2018

It is not often that a financial planner is portrayed on television or films doing what real financial planners do. Most TV series and movies feature over-the-top portrayals of bombastic brokers, crooked hedge fund managers and greedy investment...

Ask the Ethicist: CFP professional wonders about possible part-time gig

April 30, 2018

Question: I am a newly minted CFP professional. Last year I launched a solo practice offering modular as well as comprehensive financial planning on a fee-only basis. I charge clients a subscription fee as well as hourly fees for services not...

Ask the Ethicist: Should a financial adviser accept an inheritance from a client?

February 26, 2018

Q: I'd like your opinion about an inheritance question. My father's sister passed away recently. My father was her only relative and visited her every day. He took care of her home, her shopping and took her to appointments. About a week after...

Ask the Ethicist: How big a gift is too much?

January 29, 2018

Q: Over the years I have developed a rewarding relationship with an estate attorney in my area. I refer clients to him and occasionally he sends a referral my way too. More frequently, he sends me something in return for my referral. This started...

What does the new CFP standard mean for a CFP at a wirehouse?

March 29, 2018

Question: I am a CFP professional working for a major wirehouse. I provide investment management services and charge an asset management fee tied to the size of the account. I can do financial planning for clients, when needed or requested,...

Ask the Ethicist: When is it OK to allow employees to bring emotional support pets into the office?

March 31, 2017

Q: I have an unusual problem involving a long-term employee of my firm and a recent change in his behavior. Last month he started bringing his dog, a Jack Russell terrier, to the office. He claims the dog is an "emotional support animal" and...

When an ultrahigh-net-worth prospect has needs beyond your expertise

October 2, 2017

QUESTION One of my best clients referred me to his old college roommate who is now the CEO of a promising biotech start up firm in my city. Let's call him Sam. I appreciate the recommendation, but it created an unusual problem that I am unsure...

Ask the Ethicist: How to respond when your boss makes offensive sexual jokes

November 28, 2017

Q: With all of the recent events in the news regarding men behaving badly, I wanted to get your input on something that happened in a business meeting I attended. There were both men and women in the meeting. All of us ran branches of the same...

Ask the Ethicist: Help the CFP Board improve its revised standards

December 27, 2017

On Dec. 20, the CFP Board released the second draft of its proposed revisions to the Standards of Professional Conduct. The first draft was released during the summer with a 60-day comment period. This latest version is open to comment from...

Don't forget: Comment period for CFP Board's new standards ends Aug. 21

July 21, 2017

Editor's note: Dan Candura takes a break from answering adviser questions this month, but will resume doing so in his next column. Last month the CFP Board of Standards Inc. released a proposal to update the Standards of Professional Conduct...

Judging the presidential candidates by the CFP Board's standards of conduct

September 30, 2016

For the last year whenever I spoke to groups of CFP professionals across the United States I conducted an informal survey of the audience's preferences in the upcoming presidential election. I use a tool that allows participants to answer anonymously...

Ask the Ethicist: What should advisers do when married clients have conflicting objectives?

May 26, 2017

Q: My clients are both in their mid-40s and are doing well financially. The family income is in the low six figures and they have healthy 401(k) balances. They have a set of twins who will graduate from high school this month. One child plans...

Ask the Ethicist: How can advisers best disclose conflicts of interest related to compensation?

September 5, 2017

Q: I provide financial planning and investments as a dually-registered person with an insurance company. I offer financial planning advice as an investment adviser representative of the insurance company affiliated registered investment adviser....

Trading insults with a bully rarely works

March 20, 2016

This month's question comes from an adviser who got heckled. QRecently, I was a panelist at a conference in Detroit along with three other advisers. The topic was “The Best Approach to Investing.” The subject generated great interest and...

Ethical considerations advisers need to think about before switching firms

September 7, 2016

This month's question comes from an adviser who wants to know the ethical considerations of moving to an independent RIA from a large bank. Q: I am thinking of leaving my current position with a large bank to establish a position as an independent...

What advisers need to consider before starting a separate business venture

August 3, 2016

This month's question comes from an adviser who isn't sure whether starting another business venture distinct from his planning practice prompts any ethical problems. Q: My financial planning practice is thriving. Each year sees 15% to 20% growth...

What to do when a disgruntled client still owes a financial planning fee

May 5, 2016

This month's question comes from an adviser who has a tough client issue. Q: I need your opinion about how to handle a disgruntled client who still owes me part of my planning fee. The client is an elderly woman who came to me after trying to...

Ask the Ethicist: What should an adviser do if their former firm violates a non-compete agreement?

April 28, 2017

Q: I'd like your opinion on something that happened to a friend of mine who recently left his position as a veteran adviser with a wirehouse to go independent. Before he left he mailed a "tombstone" letter to his clients so they were aware that...

Couple's divorce poses conflict for their adviser

February 5, 2016

Q: I got a call from a long-time client last week asking to schedule an appointment without her husband. I try to meet with married couples together, so I asked why she wanted to meet alone. She never has before. She told me that after 25 years...

What to do when a colleague's cognitive skills are deteriorating

January 8, 2016

As human beings we encounter ethical choices frequently as we go about our daily lives. Do we tell the clerk at the grocery store he undercharged us for the organic bananas when he mistook them for ordinary ones? Do we return the extra five...

Next Page »

1 | 2

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.