Asset Manager Code of Professional Conduct

CFA Level III
#1

Recommendations and Guidance

F. Disclosures:

Accordingly, unless otherwise specified by the client, Managers must provide regular, ongoing performance reporting. Managers should report to clients at least quarterly, and when possible, such reporting should be provided within 30 days after the end of the quarter.

However, for reading 4 practice question 4. Why C is not correct? Based on above statement, manager must report monthly if clients ask to. I think quarterly reporting is industry standard. However, clients can choose their desired reporting frequency.

#2

Post the question.

#3

Basically, a client has requested monthly performance reporting of his investment. Does Asset Manager Code of Professional Conduct require firms to provide performance on a monthly basis when requested by clients?

#4

I wouldnt, i would fire the client. I dont make special request unless they are high Net Worth paying me big bucks.

#5

That’s my policy as well - but it’s likely they will become a huge PITA if they ask for special “favors” that over time become the norm…

#6

AMCC does not state anywhere that one has to kiss the client’s behind. Minimum requirement = what AMCC requires. All else is just noise (with a convincing twist) to make you fall for a distractor.