The importance of Ethics on the Formation of a Profession

Abstract: Professionals are not merely persons who make a living by exercising a particular skill or talent. In a deeper sense, they are persons whose specialized knowledge and commitments to service enable them to offer society sound judgment in conditions of uncertainty. Many of the benefits of modern life are rooted in the contributions of professionals in the areas of medicine, law, engineering, architecture and other traditional professions. At the same time the richness and complexity of modern life require that other occupations become professional. This is especially true in areas related to the management of organizations and financial assets, where new professionals are emerging. However, the freedom that professionals require in order to be able to exercise their judgment well and effectively depends upon establishing a high level of trust. In turn, trust cannot be established without a manifest commitment to ethics on the part of the professional. We will explore these connections and the demands of ethics upon finance professionals The Importance of Ethics on the Formation of a Profession 

Redeeming Mutual Funds - as easy as 1, 2, 3 ?

Redeeming Mutual Funds - as easy as 1, 2, 3 ? shows the challenges and issues involved in redeeming a mutual fund. As investors learn more about fund fees, ETF's and actively managed ETF's there comes a time when redeeming a fund is in order.  Read the full article 

Retirees : Do they Face an Advice Gap?

Retirees have special needs and issues. Instead of being in the accumulation phase of investing , they are in the distribution phase. Taxation is a bigger issue. Obtaining competent financial advice is a challenge. Read the full article 

Do Financial Advisors add value after costs?

Article discusses the challenges of selecting a Financial advisor and the types of value-add that are possible. Appropriate cautions are highlghted  . Read the full article 

Suitability from a Retiree Perspective

The suitability of an investment for someone in their thirties is unlikely to be the same as a person that is retired.Retirees have different objectives , reduced loss capacity and are subject to several constraints. Advisers, compliance officers and complaint investigators do not seem to account for the unique characteristics of retirees in assessing suitablity . Read the full article    

Sample Investment Policy Statement (IPS)

An investment policy statement (IPS) is a document drafted between a Dealing Representative and a client that documents an investment plan with a client consistent with KYC This statement provides the general investment goals and objectives of a client and describes the strategies that the manager should employ to meet these objectives consistent with KYC. Specific information on matters such as asset allocation, risk profile and liquidity requirements are included in an investment policy statement. It provides guidance for informed decision-making and serves as both a roadmap to successful investing and a bulwark against potential mistakes or misdeeds. A well-devised IPS that contains only actionable provisions that are intended to be followed can help advisors "talk down" clients who want to drastically (and potentially harmfully) change direction with their portfolio when markets start to falter. An IPS also makes compliance reviews and complaint investigations much easier. See a simple IPS at 

https://news.morningstar.com/pdfs/investment-policy_apr2016.pdf

Kenmar believe an IPS will help solve many of the problems we see in the advice industry today by improving Rep-client communications. An IPS can be scaled to the needs of the Investor.

White Paper : A Case for Index Fund Portfolios

White Paper : A Case for Index Fund Portfolios . This paper makes a poweful case for using index funds. It contains some other surprising results, none of which are good news for actively-managed funds. Read the full Research paper

The Best interest standard and the Elderly

The Best interest standard and the Elderly  . Covers all the major issues related to senior investor protection. Contact kenkiv@gmail.com for a copy of the report .

The Great Debate- Should trailer Commissions be Prohibited?

The Great Debate- Should trailer Commissions be Prohibited?This paper discusses the issues from an investor perspective. Read the article

Investors Guide to Effective Complaints

Investors Guide to Effective Complaints provides a detailed approach to making complaints about your investment dealer/ dealer Representative. It shows you what you need to do to lodge an effective complaint that will bring results. Too many people don't realize they have valid complaints and that restitution for undue losses may be in order. The complaint journey is seldom pleasant but this Guide will help make it a little less bumpy. Read the Guide