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Question:
Alexis King, CFA, an investment manager at Invest One Corporation, is asked by her supervisor to make a presentation to a potential client. In the presentation, King uses weighted composites of all similar portfolios to present the firm’s performance over the past 10 years, during which the firm earned an average return of 13%. Which of the following statements is most accurate?
A
King has not violated any standards.
explanation
King has not violated any standard, as she has not made any false statements or guarantees. Further, she used weighted composites of similar portfolios rather than a single representative account to represent the firm’s performance over the period.
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