One respect in which an investment adviser differs from an agent for a broker/dealer is that of fiduciary responsibility to the client. Therefore, the IA will have greater concerns about various needs and attitudes of the client when making recommendations. Included in those concerns would be the client's:
expectation of rewards.
emotional risk tolerance.
type of retirement plan.
time horizon.
A) II and IV.
B) I and II.
C) I and IV.
D) I, II and IV.
Answer: D) I, II and IV.