Happy anniversary, Strictly Speaking
Article Abstract:
The Journal of the American Society of CLU and ChFC's column on ethics, Strictly Speaking, has consistently addressed ethical issues since its first appearance in Jan 1984. The column recognizes how easy it is to violate ethics because agents become convinced that an action is not unethical because it is not illegal, it is in the company's best interest, no one will find out or the company will benefit. Agents must recognize the ethical issues involved in every business decision and conduct business with client-centered ethical standards.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1995
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Three myths of risk tolerance: what clients are not telling you
Article Abstract:
The concept of risk tolerance in financial planning has been misunderstood because of three myths stating that clients know their acceptable risk, risk is a one-dimensional attitude and older clients are more risk averse. The Boettner Institute's National Investment Risk Survey found no age link with risk-taking behavior, found risk to be complex and found that most clients underestimate their risk tolerance. Financial planners should work to understand their clients to truly determine their risk tolerance.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1995
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Strictly speaking: ethics and compliance
Article Abstract:
Ethics and compliance form a reciprocal relationship. Being ethical demands financial service advisers go beyond the law, yet when internal controls have lost their effect, compliance becomes necessary. Compliance exists to help encourage ethical behavior by offering the possibility of punishment if unethical behavior is proven. Advisers who want fulfilled lives need to set high goals and do their best to achieve them.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1998
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- Abstracts: RU 486 in France and England: corporate ethics and compulsory licensing. RU 486, the FDA and free enterprise
- Abstracts: New Australian Patents Act. Problems in proving lost profits in multiple competitor situations
- Abstracts: IRS calling; don't worry, maybe it's not an audit. Take shelter; enjoying the benefits of pension and profit-sharing plans
- Abstracts: Tobacco lawyers shame the entire profession. Starr flap shows need for reform
- Abstracts: Punching the clock is not so simple;an old statute holds new perils for employers, as workers increasingly sue, alleging wage and hour violations