Adrienne Doobin: CFA Institute’s Asset Manager Code of Professional Conduct

March 27, 2013

Former financier Adrienne Doobin serves as the founder and co-owner of Harvard Protection Services, LLC, in New York City. She is a member of CFA Institute, an advocacy organization for chartered financial analysts.

An important function of CFA Institute is to provide codes of conduct for its members. One such standard is the Asset Manager Code of Professional Conduct.

Core principles of the Asset Manager Code include adherence to the highest ethical standards and maintenance of accurate and prompt client communication. Also, managers must obey applicable laws and regulations concerning securities at all times, and always should place clients’ interests above their own personal gain. Essential to this practice is the maintainence of confidentiality and the avoidance of relationships that could compromise professional behavior.

Additionally, the code stipulates that managers should exercise prudence in handling assets. This includes refraining from methods that create a false impression of market values. When trading, managers must not act on information that is unavailable to the public or that could affect the price of an asset.


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