Ethics

Being ethical in the personal financial business is very important not only for maintaining the trust between a professional and their client, but also for the sake of the profession's reputation.

The Certified Financial Planner Board of Standards, also known as the CFP Board, has established the Code of Ethics and Professional Responsibility. As with any other respected profession, financial planners should follow a set of standards which the public can respect and acknowledge. You can see the code of ethics set by the CFP Board below:

CFP Board Code of Ethics and Professional Responsibility

The CFP Board of Ethics is broken down into several main principles:

Principle 1 - Integrity

Principle 2 - Objectivity

Principle 3 - Competence

Principle 4 - Fairness

Principle 5 - Confidentiality

Principle 6 - Professionalism

Principle 7 - Diligence

These principles are qualities that a Certified Financial Planner should have. If you come across one that violates one of these principles, then it could be an actionable offense against the certification holder by the CFP Board. Handling people's finances and personal wealth should be a honor and financial planners should give this sense to their clients.

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