When an investment manager uses client brokerage to purchase research services that benefit the investment manager; this is known as ________.
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A. B. C. D. E.B
An investment manager often has discretion over the selection of brokers executing transactions. Conflicts arise when an investment manager uses client brokerage to purchase research services that benefit the investment manager, which is commonly called "soft dollars," "soft pounds," or "soft commissions."
Whenever a manager uses such client brokerage to purchase services that benefit him, as a fiduciary, he must disclose to clients the methods or policies followed to address the potential conflict.