Ethics
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Financial planning, and investment and wealth management, involve many different constituencies in each engagement . . . wealthholders, stakeholders, fiduciaries and professional advisors.  Many times more often than not, satisfactorily meeting the needs, interests and objectives of each of these different constituencies will prove to be difficult, if not impossible.  Decisions will need to be made nonetheless and ethical standards of care help professionals to more successfully lead all involved to outcomes that do more good than harm, are just and fair, and treat people with dignity and respect.

The need for an ethical framework for professionals in the allied disciplines of wealth management is not because they are inherently less ethical than others, but because ethical procedures are critical for developing a moral framework within which professionals can act ethically.
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Ethics are embedded in the philosophical thought process of deciding between right and wrong, or more typically, between two rights.  Establishing the process builds appropriate decision-making principles to reconcile conflicting values.
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Intelligent Capitalworks has adopted a Code of Ethics in compliance with
Rule 204A-1 under the Investment Advisers Act of 1940 in order to specify the standard of conduct expected of all of its employees.  The firm provides a written copy of its Code of Ethics to its clients.

In adopting the firm's Code of Ethics, the firm recognizes that it, and its employees owe a fiduciary duty to the firm's clients and must:

     (1)  at all times place the interests of the firm's clients first;

     (2)  conduct personal securities transactions in a manner consistent with the
           firm's Code of Ethics and avoid any abuse of a position of trust and
           responsibility; and

     (3)  adhere to the fundamental standard that employees should not take
           inappropriate advantage of their positions.