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格蕾絲 · 2020年08月13日

问一道题:NO.PZ2016040303000013

问题如下:

Jurgen is a portfolio manager. One of her firm’s clients has told Jurgen that he will compensate her beyond the compensation provided by her firm on the basis of the capital appreciation of his portfolio each year. Jurgen should:

选项:

A.

Turn down the additional compensation because it will result in conflicts with the interests of other clients’ accounts.

B.

Turn down the additional compensation because it will create undue pressure on her to achieve strong short-term performance.

C.

Obtain permission from her employer prior to accepting the compensation arrangement.

解释:

C is correct.

This question involves Standard IV(B) –Additional Compensation Arrangements. The arrangement described in the question—whereby Jurgen would be compensated beyond the compensation provided by her firm, on the basis of an account’s performance—is not a violation of the Standards as long as Jurgen discloses the arrangement in writing to her employer and obtains permission from her employer prior to entering into the arrangement. Answers A and B are incorrect; although the private compensation arrangement could conflict with the interests of other clients and lead to short-term performance pressures, members and candidates may enter into such agreements as long as they have disclosed the arrangements to their employer and obtained permission for the arrangement from their employer.

问一道题:NO.PZ2016040303000013 为啥A不对? x客人给基金经理好处会造成y客人怀疑基金经理会不会平等对待自己的账户管理

1 个答案
已采纳答案

王暄_品职助教 · 2020年08月14日

嗨,从没放弃的小努力你好:


客户因为感谢asset manager所带来的return,给manager礼物是可以收的,CFA准则不需要manager去拒绝,只需要disclose给雇主并收到书面同意后再收即可。

只要他披露给雇主,雇主就可以决定manager是否因为收礼才刻意用心服务这位客户的,所以只要披露给雇主,受到雇主的书面同意后就可以收。

下面是原版书内容,同学可以读一下标黄部分。


-------------------------------
努力的时光都是限量版,加油!


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