Ethics and Profession
A profession can be defined as the occupational group that is based on... Read More
In 2014 the investment industry accounted for more than $64 trillion in assets. Additionally, it is growing at eight percent a year. It can be theorized that with trillions in assets and billions of financial transactions each year, even a small percentage of unethical exchanges amount to a significant overall number.
A market collapse is devastating to faith and confidence in the investment industry. With each significant downfall, there is an increase in unemployment and a slump in the economy. The well-being of capital markets depends largely on consumer trust. Trust is earned through ethical conduct.
Investment management is an upcoming profession. This is evidenced by the following:
However, some critical elements of investment management have developed over the years. Investment management, just like any other profession, meets a large proportion of the profession’s expectations. Moreover, in most of the countries, some form of certification has been established, with no requirements to join a professional body. The investment management profession is trying to move with time. That is, it tries to cope with ever-changing demands.
Investment management is becoming global due to the increased opening of the capital markets internationally. Therefore, investment managers can offer their services in different countries or freely moving within the offices of multinational asset management firms. Several established bodies, such as actuarial societies, have investment management professionals as members.