Standard IV (B.1) | Undivided Loyalty to Clients | CFA Level 1 Exam

Undivided Loyalty to Clients

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Question

Standard IV (B.1) clearly states that ________ owe undivided loyalty to their clients and must place client interests before their own.

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Explanations

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A. B. C. D. E.

D

Standard IV (B.1) - Fiduciary Duties states that "In relationships with clients, members shall use particular care in determining fiduciary duty and must act for the benefit of their clients and place their clients' interests before their own." "Fiduciaries" is the best answer.