Read the CFA Institute's Code of Ethics and Standards of Professional Conduct. In your journal, begin to contemplate the link between your adherence to a code of ethics and the performance of your duties as an investment professional working specifically for the client in this case. What are your observations on the applicability of the code thus far in managing the portfolio? Will you be refining any methods used to date?

Client Profile: Kent Webber is a recently widowed 4-yea-old. He works as a production engineer in the pharmaceutical industry anearns $75,000 per year. Hhas two sons both married and living on their own, and four grandchildren. As a result of his wife's demise, Mr Webber recently received a lump-sum life insurance payout of approximately $50,00, which he would like to invest to earn as much as possible," with an investment goal of "ideally two million dollars" at hand when he retires at the planned age of 72. Other than the $50,000, Mr. Webber has no savings, as his wife's illness and sons' educational expenses drained his financial resources. As he no longer needed a 2,000-square-foot home following his wife's passing, he sold his home and purchased a condominium in a gated community. After taxes and other living expenses, Mr.Webber approximates that he has $20,000 per year to invest until retirement. His focus is on preservation of capital, and he characterizes his risk tolerance as "medium." He would prefer to invest in socially responsible companies while sill achieving his investment goals.