n NISM Certifications
X NISM Series X
Medium

The significance of the 'Client First' principle in ethical investment advisory is:

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Avoiding compliance issues

  2. B

    Bypassing thorough analysis

  3. C

    Guaranteeing profitability

  4. Reinforcing trust by prioritizing client interests

    Correct answer

Why this is the answer

It embodies putting client needs above personal gains, building trust.

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