I just completed the Chartered Financial Analyst Institute Code of Ethics and Standards of Professional Conduct Exam (passed), and I really appreciated the notion that there can be an independent rule of thumb for the global community of investment advisors regarding Ethics and Conduct. In other words, as common-sensical as it may seems to be Professional, Objective, Confidential, Fair Dealing while avoiding Disclosure of Conflicts of Interest or Misrepresentation…far too many don’t do it.
This one really caught my eye.
(A) Disclosure of Conflicts
Members and Candidates must make full and fair disclosure of all matters that could
reasonably be expected to impair their independence and objectivity or interfere
with respective duties to their clients, prospective clients, and their employer. Members
and Candidates must ensure that such disclosures are prominent, are delivered
in plain language, and communicate the relevant information effectively.

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Wealth Management