Kelly Amadon, CFA, an investment adviser, has two clients: Ryan Randolf, 65 years old, and Keiko
Kitagawa, 45 years old. Both clients earn the same amount in salary. Randolf, however, has a large
amount of assets, whereas Kitagawa has few assets outside her investment portfolio. Randolf is single
and willing to invest a portion of his assets very aggressively; Kitagawa wants to achieve a steady rate
of return with low volatility so she can pay for her child's current college expenses. Amadon
recommends investing 20% of both clients' portfolios in the stock of very low-yielding small-cap
companies. Amadon least likely violated the CFA Institute Standards of Professional Conduct in regard
to his investment recommendations for:
In Randolf's case, the investment may be appropriate given this client's financial circumstances and
aggressive investment position. This investment would not be suitable for Kitagawa because of her need
for a steady rate of return and her low-risk profile.
CFA Level I
"Guidance for Standards I–VII," CFA Institute
Standard III(C): Suitability作者: 大混混 时间: 2015-5-15 23:19
我要问不是这个，而是为什么“investing 20% of clients' portfolios in the stock of very low-yielding small-cap companies”被判定为是“aggressive investment and not be suitable for Kitagawa because of her need for a steady rate of return and her low-risk profile”？作者: 大混混 时间: 2015-5-16 19:27
