A Conflict of Interest?
May 18, 2000 | Read Time: 1 minute
To the Editor:
In your article, “A Run for the Money,” (April 20), Marlon Sandlin of World Vision is quoted as saying that investment managers who are part of an existing network of financial advisers would be offered an incentive, in the form of additional fees, to encourage their clients to open donor-advised accounts with World Vision.
Isn’t that a clear conflict-of-interest situation? If ethical at all, wouldn’t it at least require disclosure to the client?
Willard H. Altman
Accountant
West Covina, Calif.