Other
Canadian Mutual Funds and Securities
- Institution
- Southern Alberta Institute Of Technology (SAIT )
For Canadian Mutual Funds and Securities
[Show more]
Seller
Follow
Content preview
Chapter 1: Role of the Mutual Fund Representative1. Select the term used to refer to the potential fluctuations in returns or the range of possible future
outcomes in the price of a security.
a. Duration
b. Risk
c. Breadth
d. Variance
Risk is the potential volatility in returns or the range of possible future outcomes on the price of a
security.
2. Identify the individual responsible for helping clients to establish household budgets and savings goals.
a. Investment broker
b. Mutual fund sales representative
c. Mutual fund dealer
d. Financial planner
At the same time, there are limits to your role. Clients generally are looking for solutions to attain
financial goals through mutual fund offerings. However, your role does not extend to helping clients
with developing a financial plan through establishing household budgets, for example. This would be
the role of a financial planner.
3. Identify the person responsible for investments in a fund according to the fund’s policies and
objectives and based on a particular investing style.
a. Professional money managers
b. Financial planner
c. Mutual fund dealer
d. Mutual fund sales representative
Professional money managers manage the fund’s assets by investing the proceeds according to the
fund’s policies and objectives and based on a particular investing style.
4. Identify one of the criteria that must be evaluated in determining the suitability of an investment for a
client.
a. If investment is in primary or secondary distribution
b. Client’s investment objectives
c. Availability of a prospectus
d. Licensing status of salesperson
Suitability means ensuring that all recommendations take into account the client’s unique situation
and investment objectives.
5. Define the term that is used to refer to the requirement to follow all legal requirements and dealer
policies.
a. Legal responsibility
b. Ethical responsibility
c. Compliance
d. Licensing
Compliance means following the rules, whether those rules are legal requirements or dealer policies.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jessiedejadostubat. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$10.88. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now