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matthew6448 · 2020年07月29日

问一道题:NO.PZ2016040303000013

问题如下:

Jurgen is a portfolio manager. One of her firm’s clients has told Jurgen that he will compensate her beyond the compensation provided by her firm on the basis of the capital appreciation of his portfolio each year. Jurgen should:

选项:

A.

Turn down the additional compensation because it will result in conflicts with the interests of other clients’ accounts.

B.

Turn down the additional compensation because it will create undue pressure on her to achieve strong short-term performance.

C.

Obtain permission from her employer prior to accepting the compensation arrangement.

解释:

C is correct.

This question involves Standard IV(B) –Additional Compensation Arrangements. The arrangement described in the question—whereby Jurgen would be compensated beyond the compensation provided by her firm, on the basis of an account’s performance—is not a violation of the Standards as long as Jurgen discloses the arrangement in writing to her employer and obtains permission from her employer prior to entering into the arrangement. Answers A and B are incorrect; although the private compensation arrangement could conflict with the interests of other clients and lead to short-term performance pressures, members and candidates may enter into such agreements as long as they have disclosed the arrangements to their employer and obtained permission for the arrangement from their employer.

B为什么不对,也可以turn down哈

1 个答案

王暄_品职助教 · 2020年07月31日

嗨,努力学习的PZer你好:


客户因为感谢asset manager所带来的return,给manager礼物是可以收的,CFA准则不需要manager去拒绝,只需要disclose给雇主并收到书面同意后再收即可。而且B选项给出turn down的理由不正确,收了礼物不一定会“create undue pressure on her to achieve strong short-term performance”。


-------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!


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