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Advanced Ethical Decision Making

Topic

Psychology of Financial Planning

Program ID

332150

Hours

1

Format

Self-Study / Traditional course (50+minutes)

Complexity

Intermediate

Description

This course equips advisors with the knowledge, tools, and frameworks needed to navigate the intricate ethical dilemmas that arise in the profession. Designed to promote ethical excellence, this course explores the principles of fiduciary duty, advanced reasoning techniques, and the nuances of maintaining trust in client relationships. Participants will be presented with real-world scenarios, case studies, and emerging challenges, such as navigating gray areas in regulatory guidance, managing conflicts of interest, and balancing personalized financial planning with fiduciary responsibilities. The course also emphasizes the importance of ethical leadership, organizational culture, and continuous professional growth, providing actionable strategies for fostering a client-first approach and addressing unconscious bias.

Learning Objectives

• Participants will review the importance of ethical decision making and the key frameworks and principles. • Participants will learn how to recognize ethical challenges, categories of dilemmas, and tools to identify ethical risks. • Participants will learn how to implement critical thinking and navigate ethical gray areas. • Participants will learn about the ethical issues that arise with fiduciary responsibilities and review a case study. • Participants will review modern communication tools and how to handle difficult conversations. • Participants will learn how to promote an ethical culture, the role of whistleblowers, and review a case study. • Participants will learn about the role technology plays in mitigating risks, how to address ethical misconduct, and review another case study. • Participants will review how to stay up-to-date on ethical standards and how to address unconscious bias in their practice.