easy · CFA Level I Ethical and Professional Standards
An advisor at Oakridge Capital is managing an account for his cousin. The cousin pays the firm's standard fee.
The advisor should treat this account:
- With more caution, to avoid any possibility of being accused of taking too much risk with family money.
- Identically to any other client account with similar objectives and fees.
- With less diligence, because the cousin already trusts the advisor personally.
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