Comments on: Secret Children http://wheredoesallmymoneygo.com/secret-children/ A personal finance blog written by Preet Banerjee Sat, 11 Feb 2012 16:22:10 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: AlphaHunterFet http://wheredoesallmymoneygo.com/secret-children/#comment-4203 AlphaHunterFet Mon, 05 Oct 2009 18:01:17 +0000 http://www.wheredoesallmymoneygo.com/?p=1313#comment-4203 Hard to act in the best of two clients when those interests are diametrically opposed. When you take care of a couple, you actually have two clients. If you can't either get them on the same page or at a minimum disconnect the conflict between them so one's interests do not harm the other's, there is no way you can serve them both properly. Inevitably you would eventually be forced to do something unethical. Hard to act in the best of two clients when those interests are diametrically opposed. When you take care of a couple, you actually have two clients. If you can’t either get them on the same page or at a minimum disconnect the conflict between them so one’s interests do not harm the other’s, there is no way you can serve them both properly. Inevitably you would eventually be forced to do something unethical.

]]> By: Preet http://wheredoesallmymoneygo.com/secret-children/#comment-4202 Preet Fri, 02 Oct 2009 01:42:08 +0000 http://www.wheredoesallmymoneygo.com/?p=1313#comment-4202 @Cheap: I think if I were to ever walk into a situation like that, in an ideal world I would provide the information to the person in confidence for them to do with as they please and then not take them on as clients. I could not deal in a fully honest way with the other spouse if one had a such a big secret to hide from the other, and that's not acceptable to me. @Cheap: I think if I were to ever walk into a situation like that, in an ideal world I would provide the information to the person in confidence for them to do with as they please and then not take them on as clients. I could not deal in a fully honest way with the other spouse if one had a such a big secret to hide from the other, and that’s not acceptable to me.

]]> By: Mr. Cheap http://wheredoesallmymoneygo.com/secret-children/#comment-4201 Mr. Cheap Thu, 01 Oct 2009 16:56:30 +0000 http://www.wheredoesallmymoneygo.com/?p=1313#comment-4201 I guess that should be ethical... I guess that should be ethical…

]]> By: Mr. Cheap http://wheredoesallmymoneygo.com/secret-children/#comment-4200 Mr. Cheap Thu, 01 Oct 2009 16:56:13 +0000 http://www.wheredoesallmymoneygo.com/?p=1313#comment-4200 I love it! (this is my favourite picture on your site too). What would your ethic stance be if you were doing financial planning for a couple and one of them came with a request to do this in secret from the other partner? I love it! (this is my favourite picture on your site too).

What would your ethic stance be if you were doing financial planning for a couple and one of them came with a request to do this in secret from the other partner?

]]> By: Secret Children http://wheredoesallmymoneygo.com/secret-children/#comment-4199 Secret Children Wed, 30 Sep 2009 04:16:37 +0000 http://www.wheredoesallmymoneygo.com/?p=1313#comment-4199 [...] News Sources wrote an interesting post today onHere’s a quick excerptI thought I would share a quick story today. Years ago I had sat down with a prospective client after having put on a seminar for a small group of investors. The investor and I had gone through the regular first steps of putting together a financial plan: we explored and defined his goals, got all the details of his current situation and I was about to leave to do the number crunching when he walked me to my car after the meeting only to make a confession. He hadn’t told me of one other goal of [...] [...] News Sources wrote an interesting post today onHere’s a quick excerptI thought I would share a quick story today. Years ago I had sat down with a prospective client after having put on a seminar for a small group of investors. The investor and I had gone through the regular first steps of putting together a financial plan: we explored and defined his goals, got all the details of his current situation and I was about to leave to do the number crunching when he walked me to my car after the meeting only to make a confession. He hadn’t told me of one other goal of [...]

]]>