Code of Ethics for Financial Experts

Code of Ethics for Financial Experts 0
Title: Code of Ethics for Financial Experts
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Code of Ethics for Financial Experts 1
Executive Summary
This abstract summarizes the four articles by June Smith, Frank C. Bearden, Dr. June Smith and
Anona Armstrong. The brief descriptions of articles is given Professionalism and Ethics in
Financial Planning, Conflicts Of Interest in Providing Financial Planning to Friends,
Acquaintances and Relatives, Ethics and Financial Advice: The Final Frontier and Through the
looking glass-Identifying the factors influencing ethical decisions making in financial planning
organizations has been studied followed by the summary.

Code of Ethics for Financial Experts 2
Contents
Annotated Bibliography...................................................................................................................3
Article 1...........................................................................................................................................3
Article 2...........................................................................................................................................4
Article 3...........................................................................................................................................6
Article 4...........................................................................................................................................8
Summary..........................................................................................................................................9
References......................................................................................................................................11

Code of Ethics for Financial Experts 3
Annotated Bibliography
This structured abstract review the topic of Does society has an expectation that financial
advisers should maintain the high ethical standards in their duties through research studies
conducted by June Smith, Frank C. Bearden, Dr. June Smith and Anona Armstrong.
Article 1
In this article, Professionalism and Ethics in Financial Planning authored by June Smith
advocates on virtue ethics which implies selecting the course of action that a financial advisor
must exhibit which is relevant with this study (Smith, 2009). The misleading and deceptive
conduct of lying to clients and employees and compliance with the financial theory is of high
interest. A financial advisor ensures appropriate investment selection as well as asset allocation.
The financial advisers must act in the best interest of clients. The appropriateness of ascertaining
the clients and employees with financial advice requires risk tolerance assessment and providing
the remuneration structures. The conflict of interest in offering services to clients and unable to
meet with the compliance objectives is dual in nature. Competency standards for the financial
advisors must be adequate to equip with the particular skills and offer financial advice to
multifaceted financial services environment (Joo and Choe, 2017).
The research has revealed young financial advisors to have lesser cognitive, ethical
reasoning and at risk of offering the unethical decisions. Additionally, the introduction of ethical
training to a particular undergraduate degree, the findings also refer that there can be a special
focus in continuing the professional development programs in ethical decisions making.
Financial planners must be exposed to ethical education and induced in ethical climate. It can be
concluded that accreditation to the professional code of conduct like CFA practitioners can add