Primary investment objectives

CFA Level III
#1

If the test question is Identify primary investment objectives for the client, how many objectives we should show? Only one or all the relavent objective?

BB shows all the objective.

R12, Example1

Identify primary investment objectives for the Bailer family’s concentrated single-asset position.

Solution to 1: The family owns a concentrated position in ABC Corp. shares that constitutes 80% of their investment portfolio. The first objective should be to significantly reduce the concentration risk. The second objective should be to generate liquidity in order to diversify while satisfying spending needs. The third objective should be to achieve the first two objectives in the most tax-efficient manner.

#2

If I’m not mistaken, those are the investment objectives that you should state. Schweser has highlighted the same ones. Reduce risk concentration, diversify and generate liquidity and in a tax efficient way.

#3

and if you are asking does cfai leave such open ended questions - most often they will have a number of points allocated - and tell you give me two or three…