Ethics and Professional Responsibility
Janet, a CFP® professional, is meeting with a prospective client, Thomas. During their conversation, Thomas mentions that he is looking for a financial advisor who can help him invest in sustainable and socially responsible funds. Janet does not have significant experience or expertise in sustainable investing but is eager to take on Thomas as a client.
What is Janet's most appropriate course of action under the CFP Board's Code of Ethics and Standards of Conduct?
- Accept Thomas as a client, learn about sustainable investing after the engagement begins, and select appropriate investments based on her general knowledge of investing.
- Decline to work with Thomas and recommend another advisor who specializes in sustainable investing.
- Inform Thomas about her limited experience in sustainable investing, but agree to work with him while seeking additional knowledge or collaborating with a professional who specializes in this area.
- Agree to work with Thomas and use third-party fund ratings as the sole basis for investment recommendations.
