What is meant by 'fair dealing' in investment practices?

'Fair dealing' in investment practices is best understood as a commitment to treating all clients fairly and equitably when providing investment advice. This principle reflects the ethical obligation financial professionals have to ensure that their recommendations and services are in the best interest of all clients, irrespective of their financial status or investment size. It promotes transparency, integrity, and fairness in the advisor-client relationship.

This understanding of fair dealing aligns with ethical standards in the financial industry that prioritize the needs and interests of clients. It is essential for maintaining trust and credibility, as it ensures that no client is disadvantaged or given preferential treatment based solely on wealth or status. The focus is on equitable service and advice, promoting inclusivity and respect for all clients' investment goals.