Cisi dumpskey helping Hand Questions For Ifc by Orlaith q130 vce pdf

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Exam Name:	Investment Funds in Canada (IFC) Exam
Exam Code:	IFC Dumps
Vendor:	CSI	Certification:	Canadian Investment Funds
Questions:	399 Q&A's	Shared By:	orlaith

Question 84

Which of the following CORRECTLY describes a material conflict of interest that has been properly addressed by the Dealing Representative?

Options:

Cametra asks to meet with her client, Pietro, to update his Know Your Client (KYC) information. They have not had a face-to-face meeting in years. Pietro feels updating the KYC information is unnecessary. He tells Cametra he is too busy and there is no reason for her to be concerned with the information she already has. Even though they fail to meet, Cametra continues to submit purchase orders at his request.

Gibson reviews two similar mutual funds for his client. One fund pays higher trailer fees than the other. Gibson discloses the difference between the trailer fees before recommending the fund that has higher trailer fees.

Keaira recommends a growth fund to her client, Shilo, but her Compliance Department questions the trade because Shilo's risk profile is too low. Rather than cancel the trade and absorb the market losses herself, Keaira recommends that Shilo keep the investment even though it is not in her best interest. Keaira updates Shilo's KYC to "high" risk and gets Shilo to sign the KYC update form.

Oscar wants to recommend a fund to his client which has a higher management expense ratio (MER) than other mutual funds. Since the MER could impact the client's decision, Oscar reports the conflict of interest to his dealer and discloses the conflict of interest to his client. Oscar explains how the higher MER is in the client's best interest because the overall cost for the client will still be less than a fee-for-service account holding m

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Question 85

Jane Lawrence meets with an investment colleague for lunch. Her colleague discusses a new fund that he is recommending to his clients. He also tells her that until the end of the day, the fund company is offering advisors a $50 bonus for first-term orders completed using the firm's new automated application tool. When Jane returns to the office, she immediately contacts all her clients to recommend they purchase this fund. Which component of the duty of care standard has Jane violated?

Options:

Know your client

Unsolicited orders

Due diligence

Personal business

Discussion

Question 86

An investor wishes to add another security to his portfolio. He is looking at a stock that has a correlation with the portfolio of 0.99. What should the advisor tell this investor?

Options:

This security will not reduce the risk of the portfolio, as the correlation is too low.

This security will reduce the risk of the portfolio, as the correlation is very low.

This security will reduce the risk of the portfolio, as there is an almost perfect positive correlation.

This security will not reduce the risk of the portfolio, as the correlation is almost positively perfect.

Discussion

Question 87

Which among the following BEST describes a company's retained earnings statement?

Options:

a company's financial position at a specific point in time

the amount of money contributed to the company by its shareholders or owners

the amount of profit that is reinvested in the company