What are some of the ethical issues facing sport psychology consultants working alongside athletes and coaches preparing for the Olympic Games? What role do values play in recognizing, understanding, and resolving those issues? The purpose of this paper is to examine, from the perspective of two consultants working with Olympic athletes and coaches, the nature of that work, and the relationship between one’s core values, one’s professional philosophy, and ethical behavior. Hodgkinson’s (1991, 1996) hierarchy of values is presented, the consultants core values are articulated, and specific ethical issues are explored, such as navigating confidentiality, understanding emotions, managing professional boundaries, and taking care of yourself within the process of consulting at the Olympic Games. Strategies are presented for resolving these ethical challenges.