n NISM Certifications
X NISM Series X
Medium

When giving advice, an investment adviser must prioritize whose interests?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    His own

  2. B

    His team’s

  3. The client’s

    Correct answer

  4. D

    The product provider’s

Why this is the answer

Fiduciary duty mandates the adviser to act in the best interest of the client, ensuring their needs are prioritized.

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