This session explores the critical role professional judgment plays in navigating ethical dilemmas in financial planning. This session emphasizes the importance of transparency, compliance with the FASEA Code of Ethics, and the integration of ethical principles into decision-making processes. Through the examination of decision-making models, case studies, and practical techniques, participants will learn how to recognize ethical ambiguities, apply professional judgment effectively, and document decisions to ensure accountability and client trust.
By completing this session, you will be able to:
- Understand the components of professional judgment and its role in ethical financial advice.
- Recognize ethical ambiguities and apply structured decision-making models to resolve them.
- Analyze and address common ethical dilemmas, such as conflicts of interest and high-risk investment requests.
- Apply the FASEA Code of Ethics to ensure compliance and uphold professional standards.
- Develop techniques to enhance professional judgment and build confidence in decision-making.
- Implement best practices for documenting decisions and rationales to ensure transparency and accountability.
- Use case studies to evaluate practical applications of professional judgment in complex financial planning scenarios.
This activity meets the guidelines for qualifying CPD, and has been accredited for continuing professional development by the Financial Advice Association Australia (FAAA).
- FAAA Accreditation No. 33361
- CPD Hours: 1.5 hours