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yan · 2025年02月05日

这道题对应的文中内容在哪里，并解释一下答案，谢谢

  1. CFA III
  2. Ethics

* 问题详情，请 查看题干

NO.PZ201604030300004401

问题如下：

1. When recommending Vanderon convert to a PlusAccount, does Klein violate any CFA Institute Standards of Professional Conduct?

选项：

A.

No.

B.

Yes, because he does not have a reasonable basis.

C.

Yes, because the account is unsuitable for Vanderon.

解释：

A is correct.

Klein does not violate the CFA Standards of Professional Conduct when recommending a PlusAccount to Vanderon. His actions comply with Standard III(A) — Loyalty, Prudence, and Care; Standard III(C) —Suitability; and Standard V(A) — Diligence and Reasonable Basis. As required, Klein discloses the fee structure associated with the PlusAccount. Based on the fee structure and Vanderon’s trading activity, the PlusAccount appears to be a suitable investment vehicle. By converting to PlusAccount status, Vanderon will incur an annual fee of $1,000 and eliminate approximately $1,800 in annual brokerage commissions. The potential savings of approximately $800 provides a reasonable basis for recommending PlusAccount status.

这道题对应的文中内容在哪里，并解释一下答案，谢谢

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1 个答案

小刘_品职助教 · 2025年02月05日

嗨，从没放弃的小努力你好：


对应文中的内容：

One of Klein’s clients is Elaine Vanderon, who contributes weekly to her brokerage account. Under Vanderon’s directions, Klein invests the weekly contributions in actively managed mutual funds (unit trusts). The funds have below-average management fees and average returns. Commissions for Vanderon average $35 per transaction.

When Vanderon’s account reaches $50,000 in assets, Klein recommends conversion to a PlusAccount. He carefully explains that in a PlusAccount, both the cost of investment advice and many implementation costs are wrapped into the management fee billed on a quarterly basis. Stock and bond commissions, he tells Vanderon, are discounted by 70%. Klein informs Vanderon that in a PlusAccount, she can buy or sell thousands of mutual funds or unit trusts (including those in which she invests) for no commissions or transaction charges. He explains that PlusAccounts are ideal for clients who trade often—or as part of a periodic investment program such as hers. Vanderon reads through the disclosure material provided by Klein and accepts his recommendation.

1、标准III(A)Loyalty, Prudence, and Care：Klein向Vanderon仔细解释了PlusAccount的情况，包括投资建议的成本、实施成本以及费用结构，让客户能够充分了解该账户的特点和优势，他还告知客户在PlusAccount中可以享受股票和债券佣金 70% 的折扣，并且可以免佣金买卖数千只共同基金或单位信托，是符合行为准则的。

2、标准III(C)Suitability：Vanderon有定期投资的习惯，每周向经纪账户进行投资，属于交易较为频繁的客户，Klein根据 Vanderon的这种交易模式，认为PlusAccount对于像她这样定期投资的客户是理想的选择，从费用角度来看，转换为PlusAccount后Vanderon每年需支付最低年费1000美元，但可以消除大约每年1800美元的经纪佣金，有大约800美元的潜在节省，是符合行为准则的。

3、标准V(A)Diligence and Reasonable Basis：Klein在推荐时考虑了Vanderon的交易活动和PlusAccount的费用结构，基于潜在的费用节省（大约800美元），他有合理的依据认为PlusAccount对Vanderon是合适的，他还向客户提供了完整的披露材料，让客户能够自行评估该推荐，也是符合行为行为准则的。


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虽然现在很辛苦，但努力过的感觉真的很好，加油！

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