Series 63: Exercise

Exercise

Match the investment professional to the compensation arrangement

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

Answers: 1. A; 2.