How Come and Why?
[By Jason Zweig]
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“The essence of a genuine professional man is that he cannot be bought.”
And that, in turn, can spring only from a culture of exhaustive training and the highest standards of conduct.
Professions like accounting, law and medicine took decades, often centuries, to advance to the point of requiring rigorous education and licensing for all their members.
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Assessment
The field of investment advice remains a long way from being able to call itself a profession.
On Wall Street’s Suitability, Prudence and Fiduciary Accountability
Conclusion
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Filed under: Ethics, Investing, Practice Management | Tagged: fiduciary, Jason Zweig |
ADVISORS
I can’t read the full Wall Street journal article because it’s closed off after the first few paragraphs but I can say pretty confidently that I think it’s in atrocious statement to say that it investment advice remains a long way from being a profession. Maybe those licensed advisors who don’t take the role seriously might fit within that statement. However, for those of us that have taken the time to sharpen our skills to be able to deliver a top-notch suite of services to our clients surely fit within the prospects of a profession.
There are definitely levels to everything just as every heart surgeon isn’t created equal – same thing can be said for financial advisors and financial planners. ALL of which are professions.
JOE
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Joe,
Why? Facts please.
Erin
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