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?
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?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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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
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.
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