Schweser says:
Unsolicited trade requests: A trade may or may not have a material effect on the risk characteristics of the client’s total portfolio. In either case, however, the manager should not make the trade until he has discussed with the client the reasons based on the IPS that the trade is unsuitable for the client’s account.
After discussing it with the client, can the trade be made, even if it is unsuitable for the client?
if clients wants to make a trade and you discussed wtih him and he sill deos, yhen you can make the trade
So even if the trade is unsuitable, after discussing with the client, we can make the trade? Doesn’t make sense from a fiduciary or SAA point of view.
Get the proof of communication though. It makes sense if client is beneficiary.
If a truestee makes request for defined benefit fund, you cannot make the trade if its not suitable as the beneficiaries are the participants.
Disclaimer: This is how I have understood it.