When formulating an investment policy for a client, all of the following fall under "investor constraints," except ________.
Answer(s): C
Risk tolerance is considered under "investor objectives."
Which of the following can be found in Standard I?
Standard I states that members shall: "A. Maintain knowledge of and comply with all applicable laws of any governing agency or professional association governing the member's professional activities, and B. Not knowingly participate or assist in any violation of laws, rules or regulations."
AIMR Standard ________ prohibits plagiarism.
Answer(s): D
Standard II (C) - Prohibition against Plagiarism states: "Members shall not copy or use, in substantially the same form as the original, material prepared by another without acknowledging and identifying the name of the author, publisher, or source of such material. Members may use, without acknowledgment, factual information published by recognized financial and statistical reporting services or similar sources."
Fiduciaries are obligated to vote proxies:
Answer(s): E
As part of a fiduciary's duty of loyalty, they are obligated to vote proxies in an informed and responsible manner.A fiduciary who fails to vote, casts a vote without considering the impact of the question or votes blindly with management on nongovernance issues may violate this duty of loyalty.
Standard III (E) is ________.
Standard III (A) deals with the Obligation to Inform Employer of Code and Standards. Standard III (B) deals with the Duty to Employer. Standard III (C) deals with Disclosure of Conflicts to Employer. Standard III (D) deals with Disclosure of Additional Compensation Arrangements. Standard III (E) deals with Responsibilities of Supervisors.
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