AIF Practice Questions - Accredited Investment Fiduciary (AIF) Exam

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An adviser will receive additional compensation if a client uses proprietary funds. What is the most prudent fiduciary response?

Recommend the proprietary funds without mentioning the compensation arrangement Disclose the conflict, determine whether the recommendation is still prudent, and document how the conflict is avoided or managed Rely on the existence of a general ADV disclosure and take no further action Avoid discussing compensation unless the client specifically asks

Correct Answer:

Disclose the conflict, determine whether the recommendation is still prudent, and document how the conflict is avoided or managed

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