Exercise
Match the investment professional to the compensation arrangement
- A. Investment adviser representative
- B. Agent
- C. Solicitor
- 1. _ Fee based on a percentage of assets under management
- 2. _ Markup on the price of a security purchased from a client
- 3. _ Commissions received for effecting securities transactions
- 4. _ A flat fee received for providing investment advice
- 5. _ Cash payments made to a third party in return for bringing clients to a firm
Answers: 1. A; 2.