Good ethics question his, only, employment, statements, following

burning0spear

Michel Marchant, CFA, recently became an independent money manager. After six months, he has only ten clients, who are family and friends. To supplement his income, Marchant accepted part-time employment as an advisor at Middleton Financial Advisors. According to CFA Institute Standards of Professional Conduct, which of the following statements about Marchant’s duty to his new employer is CORRECT?
Long story short, you need to tell Middleton, but do you need to tell your existing clients?

pimpineasy

I’ll go with my rule of thumb (Heuristic) and say… “When in doubt.. Disclose that sh!t”

Viceroy

all

Analyze_This

You need consent from all parties to enter into independent practice and to receive additional compensation, so the answer is yes according to two standards.
Duties to Employer - Loyalty
Duties to Employer - Additional compensation.