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Question:
Patricia Nelson, CFA, is informed by one of her clients that if she can get the performance of the client firm’s pension portfolio above that of the Standard & Poor’s average by year-end, the client will give her a free trip to Singapore to visit the firm’s offices. If Nelson agrees to this arrangement, which of the following actions complies with CFA Institute Standards of Professional Conduct? Nelson:
A
may inform her employer by email of this agreement and must receive written consent.
explanation
To comply with Standard IV(B) Additional Compensation Arrangements, because the additional compensation is contingent on future performance. Nelson must disclose this additional compensation to her employer and must receive written consent, which can be email or any other form of communication that can be documented.
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