ETHICS Question

Hello All,

I can’t seem to remember how this goes. When you are presenting a composite, you must present what in terms of discretionary vs non discretionary accounts, as well as fee paying vs non-fee paying accounts

Same Question relating to Total Firm Assets.


I believe all discretionary, fee-paying accounts must be included in at least 1 composite. Non-discretionary, non-fee paying accounts do not have to be included.

For Total Firm Assets, all accounts are included (discretionary and non, fee paying and non).

i believe that is correct, thank you for your help!