Series 65 – Uniform Investment Adviser Law Exam

Which of the following best defines 'suitability' in the context of investment advice?

Recommending only no-load mutual funds Ensuring investment recommendations are appropriate given the client's financial situation, goals, and risk tolerance Recommending investments with the highest possible returns Matching clients with the lowest-cost investments available

Correct Answer:

Ensuring investment recommendations are appropriate given the client's financial situation, goals, and risk tolerance

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