The Hippocratic Oath of Advice

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Originally published | 22nd May 2019

We’ve heard the Hippocratic Oath mentioned a million times in medical shows on television.  In its simplest form, it is a doctor swearing to uphold specific ethical standards.

The Greek Physician, Hippocrates, who is often called the father of medicine, wrote the original oath between the fifth and third centuries BC.

When you read the English translation of the oath, there are passages that, we as a financial planning industry, should consider.

Conflicts Priority

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Originally published | 8th June 2019

If you have been in financial planning since July 2013, you would have some idea of s961J of the Corporations Act. This is the section that deals with conflicts and is often referred to as the Conflicts Priority Rule.

In its basic form, it says that as a licensee or a representative, you must prioritise the client’s needs above those of yourself, your employer or your licensee.

Constance of Change

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Originally published | 5th February 2020

Heraclitus once said that “The only constant in life is change” and if you have been in the financial services industry for some time you would know that this phrase is as true back when you started as it is today.

It’s been some months since I wrote my last post and that’s because I have had change in my life.  As with most change, it wasn’t wanted.