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NEW QUESTION: 1
In which of the following cases is an investment adviser allowed to be compensated with a share of the capital gains of the client's portfolio?
I. The client is a mutual fund.
II. The client is a credit union.
III. The client is a private client whose minimum net worth is $1 million or more.
IV. The client is a private client who has at least $750,000 invested through the investment adviser.
A. I, II, and IV only
B. I and II only
C. I, II, and III only
D. none of the above. An investment adviser is never allowed to share in the capital gains earned on
Answer: A
Explanation:
Explanation/Reference:
Explanation: Selections I, II, and IV are correct. An investment adviser is permitted to be compensated with a share of the capital gains of the client's portfolio if the client is a mutual fund, a credit union, or a private client with at least $750,000 invested through the investment adviser. More generally, the adviser can charge a fee based on the capital appreciation of the portfolio if the client is an institutional investor, a private client with a net worth of at least $1.5 million, or a private client with at least $750,000 invested with the investment adviser.
NEW QUESTION: 2
Is it possible for a user to own a record and not see it:
A. True
B. False
Answer: A
NEW QUESTION: 3
What do most service requests coming to Cisco TAC concern?
A. equipment failures
B. complex network operation and management issues
C. integrating mixed vendor equipment
D. equipment defects
Answer: B
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 4
Which of the following is not a common tool used in financial statement analysis?
A. random walk analysis
B. ratio analysis
C. trend series analysis
D. common size statement analysis
Answer: A