Most financial advice practices have referral partners they send business to or receive business from. You may also use any number of third party outsource providers for non-client facing elements of your service offering. This article examines your obligations with respect to those relationships and FASEA’s Code of Ethics.

Ethics and trust go hand in hand. They are mutually reinforcing; improving one improves the other, but conversely, damaging one damages the other. A large part of building a successful financial advice business is building a client base and building trust with that client base – after all, who would provide their intimate financial details with someone they didn’t trust, and rely on them to act in their best interests to help them meet their financial objectives?

To read the article and complete the CPD quiz, please click here.

Tracey Franks GSFM Adviser

The views expressed are her own and do not consider the circumstances of any investor.