CFA Practice Question

CFA Practice Question

When formulating an investment policy for a client, a member should take each of the following into consideration, except ______.
A. investor objectives and constraints.
B. disclose beneficial ownerships.
C. client identification.
Explanation: Disclosure of beneficial relationships is a procedural compliance under Standard VI (A) - Disclosure of Conflicts. Formulating an investment policy, however, is a priority according to Standard III (C) - Suitability, under which client identification, investor objectives and investor constraints must be considered.

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Borsh except!
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