Which of the following is NOT an ethical obligation of a financial advisor?

Study for the CSRC Law and Professional Ethics Exam. Engage with multiple choice questions, hints, and explanations. Boost your preparation!

The obligation of maximizing one's own income is not aligned with the ethical responsibilities of a financial advisor. Ethical principles in the financial advisory field emphasize the importance of prioritizing the well-being and interests of clients rather than the advisor's personal financial gains. A fundamental aspect of financial advising is to foster trust and maintain a fiduciary duty where the advisor must act in the best interest of the client over their own interests.

Maintaining confidentiality, providing accurate information, and acting in the client's best interests are all core ethical obligations. Confidentiality ensures that clients feel secure sharing sensitive financial information, while accurate information is crucial for clients to make informed decisions. Acting in the best interest of clients is the cornerstone of the fiduciary duty that hits at the essence of ethical conduct in financial advisory roles. Thus, any obligation that centers around the advisor's personal income conflicts with these established ethical standards.

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