NOTE: Reference to the terms Code and Standards in this section refers to the CFA Institute Code ofEthicsand/ ortheCFA InstituteStandards ofProfessional Conduct

Question:

Given the information in the journal article by Murphy et. al.;Assessing professionalism: the caseoffinancial planning,commentonthefollowing:

Required:

a. Briefly discuss on whether you agree or not with the information included inFigure 1.Attributes that distinguish an industry from a profession,in the article, as the basis for thequestionnaire sent to the licensed financial planners.That is, are these particularattributes most relevant for assessing the professionalism of financial planners?Brieflyjustifyyourconclusions.

b. Given that the article was published in 2009, provide your opinion as to whether similarsurvey responses would be provided by licensed financial planners today (in 2021) if thequestionnaire was undertaken again, given any known changes to the financing planningindustryinAustralia.Justify yourconclusions.

Reference: Murphy et. al.;Assessing professionalism: the caseoffinancial planning

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