Series 63: Exercise

Taken from our Series 63 Online Guide

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.

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