Ask The Ethicist

Dan Candura, founder of the education and consulting firm Candura Group, answers readers’ questions on the ethical dilemmas financial advisers face.

Displaying 30 results

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Dan Candura’s final column contains his best advice for acting ethically

In his first Ask the Ethicist column, he set out what he calls the essential truth of ethics: 'We know what is right if we stop to give it some thought.'

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Ask the Ethicist: Ethical lapses can destroy a career

A lawsuit that a client filed against her financial adviser reads like a soap opera.

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Ask the Ethicist: Should a CFP file an ethics complaint about an insurance commission?

Two planners had a role in arranging a business owner's insurance policy, and one is not happy with how the compensation was handled.

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Ask the Ethicist: How should an adviser deal with a paranoid older woman?

An elderly relative experiencing cognitive decline has accused the adviser of stealing from her.

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Adviser compensation involves a conflict that can be managed — but not avoided

The CFP Board's revised standards reinforce its requirements limiting the use of the term "fee-only" to situations in which fees are the sole method of compensation.

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TV show paints bleak picture of financial planners

The lead character in the series 'Ozark' is reinforcing Americans' negative view of advisers.

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

Solo practitioner wonders if he can still describe his practice as a fee-only if he takes on financial planning work from a friend who earns some commissions.

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

The revised fiduciary standard will make it simpler to answer the increasingly common client question, 'Are you a fiduciary?'

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

The adviser overstepped his bounds, and here's why

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

Accepting a free ride to the Masters golf tournament from an attorney you refer clients to would create an obligation on your part.

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

The proposal is a worthy effort that needs tweaking, so weigh in during the Jan. 2 to Feb. 2 comment period.

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

Taking a stand might clear your conscience, but doing so also might involve tough career decisions.

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

An adviser asks the ethicist about a wealthy biotech CEO referred to him, whom he would like to take on as a client but isn't sure he could adequately serve.

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

The best way to start is to make sure that both you and your client fully understand the conflict and its ramifications.

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

The proposed standards enhance the value of certification by establishing clear standards for the delivery of financial advice.

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

Getting stuck between clients with different goals is confusing and potentially dangerous.

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

Litigation over these agreements often favors the firm, but there are ways for advisers to protect their businesses.

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

This month's question comes from an adviser who wants to know if it would be ethical to ask an employee to stop bringing his "emotional support animal" to the office.

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The case for more prominently disclosing compensation and conflicts of interest

Wouldn't it be easier if financial advisers had to wear the logos of all the companies whose products and services they distribute?

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Ask the Ethicist: What happens when an adviser gets caught in the middle of divorcing clients?

There are several ethical breaches in this tale, and not all of them land at the feet of the adviser.