Over the last two years MyPrivateBanking.com has evolved into a platform to educate and connect wealth management clients, promote their rights and interests and highlight the responsibilities of wealth managers and private banks. Certainly, a lot of the latter try hard to serve their clients in an ethical manner. However, in their discussions in the group section of MyPrivateBanking.com, many members of our social network had serious complaints about unethical or incorrect behavior of wealth managers. To capture the essence of these discussions, the editorial board of MyPrivateBanking has discussed and drafted a “Charter for Ethical Wealth Management”. We see this charter as a draft version (http://www.myprivatebanking.com/article/initiating-a-discussion-on-the-future-of-wealth-management) and throw it open for comments and questions within our networking platform. All our members, including wealth managers, are invited to participate in this discussion. We have dedicated this discussion group for this purpose. After the discussion process is finalized – we envisage a period of about three months – the editorial board will come up with a final version of the Charter for Ethical Wealth Management. Its purpose will be to serve as guide lines for clients and wealth managers alike. Naturally, we hope that many wealth managers will adopt this charter and integrate its principles in their daily business.