Legal Problems of the Financial Planner Profession in Indonesia

Abstract

This study aims to examine the legal problems of the Financial Planner to clients in investing in the capital market. The type of research used is doctrinal or normative legal research. This research is normative/doctrinal legal research using a statutory approach. The technique of collecting legal materials is by studying literature. The results of the study indicate that there are two legal problems regarding the Financial Planner profession, namely regarding the legality of the Financial Planner business and the client asset management agreement to the broker or stockbroker. First, the legality of a Financial Planner's business should only be obtained by a Financial Planner who holds a license as an investment advisor and deputy investment manager. Second, asset management agreements with third parties should not be justified, especially if the stock brokerage company has a conflict of interest with the Financial Planner who should be independent unless there is a statement of interest disclosure in accordance with applicable regulations.