Eleven Rules for Ethical Advisors

I had not come across financial advisor Dan Candura’s columns before on Investment News, but I’m glad I saw his final one, which came out last week.

Dan is currently battling cancer and has given his financial planning clients a year to seek out new advisors for themselves because of the state of his health. When he first informed his clients about his condition three years ago, he simply thought that full disclosure was obviously the right thing to do. This was not necessarily obvious within the industry, he’d learned, so Dan set about writing an ethics column for advisors in the wake of that revelation.

In his final column, he shared the following, which I thought was highlighting in case you missed it:

So to wrap things up, I’d like to close the column by listing some things you can do to make sure that you act ethically in your practice.

Act in the best interest of your client — always.

Tell your clients the truth and nothing but the truth.

Get help when you don’t know the answer. No BS ever.

Make sure your firm aligns with your values.

Allow nothing to interfere with your duty to place your clients’ interest ahead of everything else.

Give your clients the best advice you can every time.

Treat everyone the way you want them to treat you.

Be happy. If you cannot be happy in your work, find work in which you can be happy.

Share your knowledge.

Learn from others.

Be kind.

Wishing Dan all the best. Read his last column here:

Dan Candura’s final column contains his best advice for acting ethically (Investment News) 

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  1. Eleven Rules for Ethical Advisors – Financial Solutions commented on Dec 02

    […] I had not come across financial advisor Dan Candura’s columns before on Investment News, but I’m glad I saw his final one, which came out last week. Dan is currently battling cancer and has given his financial planning clients a year to seek out new advisors for themselves because of the state of his health. When he first informed his clients about his condition three years ago, he simply thought that full dis… Source: https://thereformedbroker.com/2018/12/02/eleven-rules-for-ethical-advisors/ […]