Standard IV (A) is known as ________.
Answer(s): H
Standard IV (A) deals with the Investment Process. Standard III (B) deals with Duty to Employer. Standard IV (B.3) deals with Fair Dealing. Standard IV (B) deals with Interactions with Clients and Prospects. Standard V (A) deals with Prohibition against Use of Material Nonpublic Information. Standard IV (B.5) deals with Preservation of Confidentiality. Standard II (B) deals with Professional Misconduct.
If the senior members of an investment advisory firm are unwilling to disseminate negative information about a firm, the advisory should
Answer(s): C
"Procedures for Compliance," Standard IV (A.3)
According to the AIMR-PPS, account portfolios must be grouped into composites
Answer(s): A
For the defined firm, all fee-paying accounts with investment discretion must be included in one or more composites. The account portfolios must be grouped into composites based on similar investment strategy or objective. Compliance cannot be met on a per composite or per product basis but can only be met on a firmwide basis.
Level ________ verification applies to specific composites.
Level I verification applies to all firm composites. Level II verification requires a Level I verification at least on the specific composites being verified at Level II. (Note: There are only two levels of verification.)
Which of the following is/are true about corporate pension plans?
Corporate pension plan managers are governed by ERISA (Employee Retirement Security Act, 1974). Under this, fiduciaries are held to the "Prudent Expert Rule" and are expected to conduct investments using appropriate analysis and expertise. They owe fiduciary loyalty solely to the plan beneficiaries and not to the plan sponsor or any other party whom may be involved. ERISA allows the plan manager to consider investments in a portfolio context rather than on an individual basis. Thus, it provides far more latitude and is much more sensible than the old rules that relied on legal lists of securities for investments. Standard IV (B.1) - Fiduciary Duties - and the Topical Study "Fiduciary Duty."
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some questions are wrongly answered but its good nonetheless
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#229 in incorrect - all the customers require an annual review
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true quesstions
i can´t believe ms asks things like this, seems to be only marketing material.
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question #3 refers to vnet4 and vnet5. however, there is no vnet5 listed in the case study (testlet 2).
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qs 4 answer seems wrong- please check
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i just wrote this exam and it is still valid. the questions are exactly the same but there are about 4 or 5 questions that are answered incorrectly. so watch out for those. best of luck with your exam.
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becoming interesting on the logical part of the cdbs and pdbs
some of the answers are incorrect, i would be wary of using this until an admin goes back and reviews all the answers
question # 267: federated operating model is also correct.
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the questiosn from this braindumps are same as in the real exam. my passing mark was 84%.