medium · Certified Financial Planner General Principles
Ricci, aged 85, is a long-standing client. You notice she has begun making large, frequent withdrawals to pay for 'investments' recommended by a new neighbor who now accompanies her to all meetings.
What is your primary obligation under the Standards of Conduct?
- Follow the client's instructions to execute the transfers, as she is a competent adult until proven otherwise.
- Contact the client's children immediately to inform them of the suspicious neighbor's activities.
- Diagnose the client's cognitive decline in the meeting notes to justify freezing the account.
- Attempt to meet with the client alone, document findings factually, and consult firm compliance.
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