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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 III only
B. I, II, and IV only
C. none of the above. An investment adviser is never allowed to share in the capital gains earned on
D. I and II only
Answer: B
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. integrating mixed vendor equipment
B. equipment defects
C. equipment failures
D. complex network operation and management issues
Answer: D
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 4
Which of the following is not a common tool used in financial statement analysis?
A. trend series analysis
B. random walk analysis
C. ratio analysis
D. common size statement analysis
Answer: B