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Questions and Answers
Client suitability is a concept mainly focused on disclosure of information to clients.
Client suitability is a concept mainly focused on disclosure of information to clients.
False (B)
Diligence in the context of client suitability means thorough investigation and analysis of a client's financial situation.
Diligence in the context of client suitability means thorough investigation and analysis of a client's financial situation.
True (A)
Reasonable basis is a principle that requires financial advisors to disclose all information to clients.
Reasonable basis is a principle that requires financial advisors to disclose all information to clients.
False (B)
Disclosure of information to clients is a key aspect of the financial advisory process.
Disclosure of information to clients is a key aspect of the financial advisory process.
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Communication to clients and the general public is only necessary for financial advisors working with high-net-worth individuals.
Communication to clients and the general public is only necessary for financial advisors working with high-net-worth individuals.
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Suitability determination is a process that only applies to institutional clients.
Suitability determination is a process that only applies to institutional clients.
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