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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?

Understanding Business
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
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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.
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