Financial adviser

From work experience, I understand that we are accountable for our behaviour and judgements at work. I took data protection and client confidentiality very seriously. I was reliable in terms of punctuality and attendance record and it was rare that I was off sick. I always got my work done in time and to a constant high standard. My understanding of maintaining professional boundaries developed when I witnessed how crossing the professional line affected the life of my ex-colleague who was as a Financial Advisor. As a result of treating her clients as friends, they would constantly call her asking for her help outside of work. This relationship with her clients unavoidably invaded her private life and this affected her objectivity and judgement at work, resulting in excessive effort/premium service being provided to those specific clients and manipulation of the company’s rules including under-charging them for the services provided. This was undeniably in breach of the Financial Services’ practice principles of ‘Treating Customer Fairly’ and our company procedures. As a Social worker, in order to create safe, stable and trustworthy relationships with service users, we should be honest, open and reliable, whilst maintaining clear professional boundaries (Parris, 2012, p.189) and not allow our emotion to cloud our judgment. In view of the above, supervision plays an significant role to support our emotion resilience as well as ongoing monitoring of our work: to…

advisor plays a major part of the business therefore it is important to hire someone who is very influential in today’s society. Lawyer - The expectation of the lawyer to play in developing the business is to advise me on all the right protocol I must take in successfully developing the business. They will have to keep me up to date with all the right laws and steps to be taken when creating a beauty business. This to insure that there are no complaints from the consumer, in addition to if for…

Financial advisors do many things but their main goal is to figure out ways to manage their client’s money in order to keep them on track to meet their money goals. However, my mom’s job goes much more in depth than that including creating an education savings for the future, determining retirement plans, and putting peoples money into the stock market. Besides the stock market she also puts her clients money into bonds, CDs or certificates of deposits, and annuities. As a Vice President, this…

After Obama ruled in favor of the new Department of Labor (DOL) fiduciary rule, financial planners will no longer have their own interests in earning high-commissions and fees over their clients. The new rule is to protect advisor’s clients by adding a sense of transparency by making sure the advisor is acting within the best interest of the client, by recommending the best investments at the lowest prices. Implementation of the new rule is set out to prevent the $17 billion a year in…

Edward Jones was founded by Edward D. Jones Sr. in 1922 in St. Louis, Missouri to help individuals pursue their serious, long-term financial goals. Since then, Edward Jones has gained its success by taking a personal approach to business by believing in creating long-term relationships with clients. Today, Edward Jones is a leader in the financial services industry the firm serves nearly 7 million investors, is the largest partnership on Wall Street, and ranks #5 on the 2017 Fortune 100 Best…

QUESTION 1 Regulatory Framework of the Financial Planning Industry 1) “If a financial adviser is to give appropriate advice, they require a good knowledge of Corporate Law.” Discuss. Answer: There are a couple of aspects that require a financial planner to know about corporate law in detail. Firstly, as financial planners are running a business they have a responsibility to follow and comply with the rules and regulation under Corporations act to ensure that the firms are fulfilling its duties…

Professional indemnity insurance pays for negligence claims. When a professional gives out inaccurate information, he may be responsible for damages. For some careers, professional indemnity insurance is a government requirement. What Does Professional Indemnity Insurance Cover All professionals should purchase professional indemnity insurance. When dealing with the general public, liability insurance is a necessity. Personal injury claims and structural damage can be covered under a general…

focus on developing and strengthening the multichannel banking and the digitization of products and services. Moreover, the banks said they will focus on the reinforcement of nonperforming loan management activities through the establishment of a dedicated business unit that will come under the direct remit of the CEO to "maximize efficiency and speed of recoveries as well as of disposals." The new company's shares will be traded on Borsa Italiana's MTA, with the name of the company to be…

• Use your authority to engage independent counsel and other advisers, as the audit committee determines necessary to carry out its duties. Consider whether senior management and/or the audit firm may be implicated and whether outside counsel unaffiliated with the company is warranted. • Follow up on significant warning signals, such as reports from the auditor, internal audits, and SEC investigations. • Ensure that the committee has appropriate funding determined by the audit committee for…

President Trump had begun to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act with directives that will repeal regulations or delay them from being enforce. The first of the orders investigates the Volcker rule, which stops financial companies from making risky investments. This investigation into the Volcker rule, the CFPB structure and the director of the CFPB, Richard Cordray, will be done through the secretary of the Treasury. Looking for excessive power or…