I guess there’s a case to be made if the product you are trying to shift the client into is actually better for them, but if you are lying to your client in order to get them to do something that is not in their interest (leave a better fund for your fund, or churn their account), then that is unethical.
You can be forgiven a bit for being young and scared to lose your job, but eventually these people will be hauled out onto the carpet (or into court) and you don’t want to be seen as a contributor.
In the long run, they are only going to keep you if you are assisting them in making profits. If their profit making strategy is to lie to clients, then the only way you will not eventually be lied to and fired by the management is if you become complicit and participating.
Do your best to dissociate, look for another job.
The real question is: when a new prospective employer asks why you are looking for a new position, what do you tell them?? On the one hand, “my previous employer was unethical and possibly illegal” sounds like you are trash talking your boss; on the other hand, you need an elegant way to respond to this question. I suppose you can say “I did not feel that what I was asked to do was in the fiduciary interest of the client and am looking for a position where these can be more aligned,” might be the better way.
You can be forgiven a bit for being young and scared to lose your job, but eventually these people will be hauled out onto the carpet (or into court) and you don’t want to be seen as a contributor.
In the long run, they are only going to keep you if you are assisting them in making profits. If their profit making strategy is to lie to clients, then the only way you will not eventually be lied to and fired by the management is if you become complicit and participating.
Do your best to dissociate, look for another job.
The real question is: when a new prospective employer asks why you are looking for a new position, what do you tell them?? On the one hand, “my previous employer was unethical and possibly illegal” sounds like you are trash talking your boss; on the other hand, you need an elegant way to respond to this question. I suppose you can say “I did not feel that what I was asked to do was in the fiduciary interest of the client and am looking for a position where these can be more aligned,” might be the better way.