AIF OVERVIEW EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL DEFINED
ANSWERS LATEST ALREADY GRADED A+ 2025 –
2026
Save
Terms in this set (53)
1-Principles and relationship based
2-Undivided duty of loyalty to client:
• Avoid or manage conflicts
Standard of Care - • Greater transparency of conflicts
Fiduciary 3-Duty of care of a prudent expert with utmost good
faith:
• Prudent expert standard
• Advice must be suitable and in clients best interests
1- Rules and transaction-based
• Arms-length relationship
2 - Divided loyalty of agent between firm and
Standard of Care - Fair customer:
Dealing • Conflicts may exist unmanaged and undisclosed
3 - Deal fairly, consistent with industry suitability
standard:
• Suitability standard rapidly evolving
Global Fiduciary the investment process FI360 designed to ensure
Standards of Excellence investment decisions are prudently managed.
, someone who is managing the assets of another
Investment Fiduciary person and stands in a special relationship of trust,
confidence, and /or legal responsibility.
manage the overall investment decision-making
Investment Stewards
process
professionals who provide comprehensive and
Investment Advisors
continuous advice to Stewards.
make securities transaction decisions and generally
Investment Managers
act with discretion.
more than five million men and women, responsible
How many investment
for managing more than 80% of the nation's liquid
Stewards?
invested assets.
individuals who serve as:
• trustees;
• committee members for endowments, foundations,
and
other institutional accounts;
Examples of Stewards
• plan sponsors; or
• who occupy similar positions entrusted with
managing
assets for others.
• stand at the top of the fiduciary pecking order.
How many Investment Approximately 317,000* investment advisors as of 2011
Advisors
- wealth managers
- financial advisors
Examples of Investment - trust officers
Advisors - financial consultants
- investment consultants
- financial planners
Defining characteristic of Prudent Experts who give comprehensive and
Investment Advisors continuous advice
QUESTIONS AND CORRECTLY WELL DEFINED
ANSWERS LATEST ALREADY GRADED A+ 2025 –
2026
Save
Terms in this set (53)
1-Principles and relationship based
2-Undivided duty of loyalty to client:
• Avoid or manage conflicts
Standard of Care - • Greater transparency of conflicts
Fiduciary 3-Duty of care of a prudent expert with utmost good
faith:
• Prudent expert standard
• Advice must be suitable and in clients best interests
1- Rules and transaction-based
• Arms-length relationship
2 - Divided loyalty of agent between firm and
Standard of Care - Fair customer:
Dealing • Conflicts may exist unmanaged and undisclosed
3 - Deal fairly, consistent with industry suitability
standard:
• Suitability standard rapidly evolving
Global Fiduciary the investment process FI360 designed to ensure
Standards of Excellence investment decisions are prudently managed.
, someone who is managing the assets of another
Investment Fiduciary person and stands in a special relationship of trust,
confidence, and /or legal responsibility.
manage the overall investment decision-making
Investment Stewards
process
professionals who provide comprehensive and
Investment Advisors
continuous advice to Stewards.
make securities transaction decisions and generally
Investment Managers
act with discretion.
more than five million men and women, responsible
How many investment
for managing more than 80% of the nation's liquid
Stewards?
invested assets.
individuals who serve as:
• trustees;
• committee members for endowments, foundations,
and
other institutional accounts;
Examples of Stewards
• plan sponsors; or
• who occupy similar positions entrusted with
managing
assets for others.
• stand at the top of the fiduciary pecking order.
How many Investment Approximately 317,000* investment advisors as of 2011
Advisors
- wealth managers
- financial advisors
Examples of Investment - trust officers
Advisors - financial consultants
- investment consultants
- financial planners
Defining characteristic of Prudent Experts who give comprehensive and
Investment Advisors continuous advice
