Ethics

Question 1

Professional Review Board

Answer 1

review, investigate, rule on any alleged infractions of the Code, rules, and/or other standards adopted by the Institute
• investigates alleged infractions of the Code, rules and other standards
• issues private and public censures
• issues suspension or termination of the right to use designation
• considers and proposes amendments to the Code
• develops and adopts procedures for the fair and expeditious hearing of matters that come before it
• composed of six members who have held designation for at least 2 years; staggered three-year terms

Question 2

Certification Requirements

Answer 2

• Experience – 5 years
• Education – education program and CE (40hrs every 2yrs, 2hrs of ethics included)
• Exam – pass certification exam
• Ethics – acceptable regulatory history

Question 3

Values

Answer 3

1. Integrity
2. Loyalty
3. Objectivity
4. Ethical Conduct

Question 4

9 Code Elements

Answer 4

1. Act in the best interest of the client
2. Disclose services offered/provided, related charges/compensation (direct, indirect, deferred)
3. Disclose actual/potential/perceived conflicts of interest, work to resolve and manage such conflicts
4. Provide clients information needed to make informed decisions
5. Respond to client inquiries/instructions appropriately, promptly, completely, and truthfully
6. Maintain confidentiality of client information consistent with legal/firm policies
7. Provide competent service by truthful representation of competency, maintenance, development and recommend other professionals
8. Comply with legal/regulatory requirements related to one’s practice
9. Maintain a high level of ethical conduct

Question 5

Mission

Answer 5

deliver premier investment consulting and wealth management credentials and world class education

Question 6

Purpose of the Institute

Answer 6

• broaden public understanding of investment consulting and wealth management
• improve the professionalism of its certificates and members through educations and certification programs
• develop and encourage the practice of high standard of professional conduct
• promote and protect the interests of the professional and the public it serves

Question 7

Approved Nouns

Answer 7

designee, certificant, professional, consultant, advisor

Question 8

Serious Crimes

Answer 8

felony, fraud, extortion, theft, misappropriation, conspiracy to commit crime

Question 9

Institute Board of Directors

Answer 9

appeals are made to the Institute Board