Navigating Ethical Dilemmas in Financial Planning

RachelSeton_CFFP
RachelSeton_CFFP CFFP Faculty & Instructors Posts: 116
edited March 27 in Financial Planners Professional Community

Hey Faculty! 🌟 In the world of financial planning, ethical dilemmas are bound to pop up—whether it’s balancing client interests with your professional duties, dealing with conflicts of interest, or staying ahead of ever-changing regulations. 🤔💼 We’d love to hear from you!

Question for you: What’s the toughest ethical dilemma you’ve faced in your financial planning career, and how did you handle it?

💬 Share your insights on navigating those tricky situations and how you ensure your actions align with your values and the profession's ethical standards.

Your experiences can help shape the way students approach and handle ethical challenges down the road! 💡✨

@CindyShnaider_CFFP @DavidMannaioni_CFFP @cindy.riecke@cffp.edu @GaryMarch @SaraStolbergBerkowicz_CFFP @JoeKrupka_CFFP @MikeHarris_CFFP @AmanSunder_CFFP @TomRobinson_CFFP @MichaelAngell_CFFP @BarclayRoper_CFFP @ToddFeldman_CFFP @KhurramNaveed_CFFP

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Comments

  • DavidUAT
    DavidUAT Posts: 1

    I've found that always acting as a fiduciary, even when it is not required, prevents ethical conflicts from arising, but an ongoing issue I face comes from my clients who text me rather than using my official financial planning email. My BD needs to be able to track client communication, so I end up either copying the text and emailing it to myself and then responding or calling the client and telling them I can't conduct business via text other than confirming appointment times or other administrative functions. With the SEC looking for this in audits, it is a big concern.

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