cfa10yrplan

1. You don’t have to tell your client about soft dollars if they benefit the client (i.e. better research, lower fees…)
2. B is correct - the employer gave his permission according to the problem - the permission does have to be written, as well as the request to use it, so that the employer can manage any potential conflicts of interest.
You have to let clients know about any potential conflicts of interest that would affect their account directly, such as referral fees, relationships with firms that would service the clients, etc.