RMA HIN and an investment consultant for a bank. Her client, David, age 40, is looking to make RRSP contributions. David mentioned to her that this money was initially set aside for retirement in 20 plus years, but he has changed his mind and is now planning to access it For a down payment, under the First Time Home Buyer's Plan, within the next five years. Kerry left Che time horizon on the account unchanged and issued her recommendations, which David accepted, based on the prior information. Which Duty of Care guideline has Kerry most likely wiolated here?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

PLS HELP ASAP

Kerry works as a financial advisor and an investment consultant for a bank. Her client, David, age
Candidate: SHARMA Hima
40, is looking to make RRSP contributions. David mentioned to her that this money was initially set
aside for retirement in 20 plus years, but he has changed his mind and is now planning to access it
for a down payment, under the First Time Home Buyer's Plan, within the next five years. Kerry left
the time horizon on the account unchanged and issued her recommendations, which David
accepted, based on the prior information. Which Duty of Care guideline has Kerry most likely
violated here?
A.
B.
Acronyms
Calculator
Respect for the client's assets.
Professionalism.
C.
Know Your Client.
D.
Due diligence.
Next Qu
Transcribed Image Text:Kerry works as a financial advisor and an investment consultant for a bank. Her client, David, age Candidate: SHARMA Hima 40, is looking to make RRSP contributions. David mentioned to her that this money was initially set aside for retirement in 20 plus years, but he has changed his mind and is now planning to access it for a down payment, under the First Time Home Buyer's Plan, within the next five years. Kerry left the time horizon on the account unchanged and issued her recommendations, which David accepted, based on the prior information. Which Duty of Care guideline has Kerry most likely violated here? A. B. Acronyms Calculator Respect for the client's assets. Professionalism. C. Know Your Client. D. Due diligence. Next Qu
Section
Candidate: SHARMA Himan
What type of mutual fund is least likely to realize taxable income from portfolio turnover?
Acronyms
Calculator
A.
A balanced fund.
B.
A bond fund.
C.
An index fund.
D.
An equity fund.
Transcribed Image Text:Section Candidate: SHARMA Himan What type of mutual fund is least likely to realize taxable income from portfolio turnover? Acronyms Calculator A. A balanced fund. B. A bond fund. C. An index fund. D. An equity fund.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON