n NISM Certifications
X NISM Series X
Medium

An investment adviser wishing to manage conflict of interest should:

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Act in line with fiduciary responsibility

    Correct answer

  2. B

    Focus on maximizing returns

  3. C

    Ensure client does not lose money, even if no gains

  4. D

    Overlook smaller issues for larger good

Why this is the answer

Fiduciary duty requires prioritizing the client’s best interests.

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