Chartered Investment Manager (CIM) Practice Exam · Question
Fee-based account vs commission:
AUM fee. The correct answer is "Asset-based fee aligns with portfolio value". This reflects the accepted standard for the cim assessment and aligns with the off
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Question: Fee-based account vs commission:
Answer options: ✅ Asset-based fee aligns with portfolio value
- Per-trade only
- No fee
- Flat $10/yr
Correct answer: Asset-based fee aligns with portfolio value
Explanation: AUM fee. The correct answer is "Asset-based fee aligns with portfolio value". This reflects the accepted standard for the cim assessment and aligns with the official handbook for this competency.
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