Talking Point #1: A Set of Rules? Or a Moral Code to Follow?

August 2002
Journal of Financial Planning;Aug2002, Vol. 15 Issue 8, p20
Academic Journal
This article discusses the implications of the prevalence of corrupt practices in the field of accounting in the U.S. on financial planning. Dick Wagner, a financial planner, thinks that the accounting scandal have much to do with an emerging profession's responsibility to the public to engage in deep thinking on ethics, integrity and professionalism. In an email posting to his fellow Nazrudin members, Wagner says he is reacting to the litany of legal and accounting news viscerally. Wagner stated that CFPs have the role of accountants in virtual fraud. In an equally thoughtful response, another Nazrudin member notes that many legal and accounting professionals look at codes and rules differently than CFPs. On the other hand, a poll conducted of 1,063 adults in the U.S. by Opinion Research Corp. International revealed that more U.S. citizens are afraid of debt and job loss than they are of terrorism. That is probably quite a sea change from two or three years ago, when much of the investing public were more afraid of not getting initial public offering shares.


Related Articles

  • MOVERS & SHAKERS 2005. Koreto, Richard J. // Financial Planning;Jan2005, Vol. 35 Issue 1, p55 

    Presents information on the results of a poll which selects the most influential financial planners and affiliated professionals in the U.S. for 2005. Themes in which respondents based their choices; Financial planners who are best known for their volunteer work with the Financial Planning...

  • DICK WAGNER. Koreto, Richard J. // Financial Planning;Jan2005, Vol. 35 Issue 1, p59 

    Features financial planner Dick Wagner, founder of WorthLiving. Goal of Wagner for individuals who want to effectively use their financial assets; Shift in the line of business of Wagner; Outlook of Wagner on money.

  • White Noise. Lee, Shelley A. // Journal of Financial Planning;May2001, Vol. 14 Issue 5, p64 

    The article presents views of financial planners whether fees or commissions is harming the financial planning profession. According to Dick Wagner, a veteran financial planner, there is a certain intellectual, even mathematical, truth to the argument that fees may cost a client more over the...

  • Holistic Planning. Cook, Randall David // Financial Planning;Oct2001, Vol. 31 Issue 10, p73 

    Interviews financial planner Dick Wagner, owner of the advisory firm WorthLiving. Views on adopting a holistic approach to financial planning; Overview of a holistic approach to financial planning; Challenges faced by his clients.

  • To Feel� Like A CFP. Buie, Elissa // Journal of Financial Planning;Jul2000, Vol. 13 Issue 7, p134 

    Emphasizes the importance for financial planners to balance the skill of thinking with the art of feeling. Message of the article written by Dick Wagner in 1990 on financial planners; Accomplishments of financial planners; Implications of the emphasis placed by planners on thinking on the...

  • Blaming Lehman. Andersen, Steven // InsideCounsel;May2010, Vol. 21 Issue 221, p34 

    The article provides information about the report that detailed global financial services firm Lehman Brothers' downfall with the use of an accounting gimmick. It is also mentioned that the firm was able to hide 50 billion U.S. dollars worth of assets to conceal its true leverage ratio, through...

  • Planners urged to be expansive.  // Money Management;3/3/2011, Vol. 25 Issue 7, p4 

    The article reports on the need for financial planners to be expansive in finding returns for their clients in Australia.

  • Planners shift to passive investments. Stewart, Tim // Money Management;9/15/2011, Vol. 25 Issue 35, p1 

    The article reports on the increasing recommendations of passive investments made by financial planners.

  • CE QUIZ.  // Financial Planning;Sep2009, Vol. 39 Issue 9, p124 

    A quiz about financial planning which were featured in the issue is presented.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics