Which of the Following Statements Is FALSE

question 30

Multiple Choice

Which of the following statements is FALSE?

• A) Asset management firms manage the funds of individuals, businesses, endowments and foundations, and state and local governments.
• B) Asset management firms are ranked semi-annually by Pension & Investments with the ranking based on the number of liabilities under management.
• C) Asset management firms are either affiliated with some financial institution (such as a commercial bank, insurance company, or investment bank) or are independent companies.
• D) Larger institutional clients seeking the services of an asset management firm typically do not allocate all of their assets to one asset management firm.

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Definitions:

Limits Of Confidentiality

Boundaries and conditions under which confidential information might be disclosed without the consent of the client, usually due to legal or ethical obligations.

Contract In Place

An agreement that has been formally established and is legally binding between parties.

Value System

A set of consistent values and measures that guide the behavior and decisions of an individual or group.

Worker's Personal

Relates to the individual qualities and attributes of a worker that influence their professional life.