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Basic Question 1 of 5

Members of a profession:

I. use specialized knowledge and skills to serve clients.
II. provide goods and services to customers in exchange for payments.
III. share and adhere to a common code of ethics.

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe the role of a code of ethics in defining a profession

describe professions and how they establish trust

describe the need for high ethical standards in investment management

explain professionalism in investment management

CFA® 2025 Level I Curriculum, Volume 6, Module 1.