Chartered Investment Manager (CIM) Practice Exam · Question
A boutique investment firm specializing in alternative investments wants to offer direct investment advice and portfolio management services to high-net-worth individuals and institutional clients across Canada. Which registration category is primarily required for the firm and its advising representatives under Canadian securities regulation?
To directly manage client portfolios and offer investment advice, the firm and its representatives need to be registered as Portfolio Managers. If they are also
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Question: A boutique investment firm specializing in alternative investments wants to offer direct investment advice and portfolio management services to high-net-worth individuals and institutional clients across Canada. Which registration category is primarily required for the firm and its advising representatives under Canadian securities regulation?
Answer options:
- Investment Fund Manager and Exempt Market Dealer ✅ Portfolio Manager and Investment Fund Manager
- Portfolio Manager and Investment Dealer
- Exempt Market Dealer and Restricted Dealer
Correct answer: Portfolio Manager and Investment Fund Manager
Explanation: To directly manage client portfolios and offer investment advice, the firm and its representatives need to be registered as Portfolio Managers. If they are also managing investment funds, the firm would additionally require registration as an Investment Fund Manager.
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