Ever since the recent financial crisis ripped away at the portfolios of so many clients, trust in the banking industry “to do what is right” dropped by 38%, according to a study quoted by Mark Harbour, an ethics instructor for the organization and wealth manager at Morgan Stanley Smith Barney.
Harbour brought that to the attention of the many advisors who attended his session at this past week’s IMCA conference in New York. He also presented several challenging scenarios that would test the mettle of the most honorable advisor. Here is one of them.
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