What are the barriers to overcoming these conflicts

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In the context of an adviser who receives a fee for service from their client, what conflicts of interest might still exist between the adviser and their client? (including subtle psychological conflicts).

Question 1. What are the barriers to overcoming these conflicts?

Question 2. What behavioural strategies would you use to reduce the risk that a financial planner's advice was impacted by any form of conflicts?

Question 3. What strategies would you recommend?

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In this assignment we have discussed about this conflict of interest is founded on a psychological conflict, since the adviser is motivated by money, while the customer is motivated by purpose.State-owned insurance firms and private insurance companies are another potential source of conflict of interest.Because the government regulates insurance products, it imposes limits and levies on private insurance businesses and clients, leading to a preference for government-owned insurance.

Reference no: EM133099520

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len3099520

3/7/2022 9:58:21 PM

this is an insurance planning course. there is no words limits, and please references are used through Harvard AGPS

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