CFA Level I sample question

CFA Level I Standard III(A) Loyalty Prudence and Care question

Ethical and Professional Standards / Standard III(A) Loyalty Prudence and Care

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Standard III(A) Loyalty Prudence and Care sample question

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Ethical and Professional Standards

Standard III(A) Loyalty Prudence and Care

A pension plan sponsor hires an adviser to manage plan assets and asks the adviser to overweight the sponsor's publicly traded shares to support the sponsor's share price. The plan documents require prudent diversification for participants. The adviser should most appropriately treat the client as:

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