IFIC Mutual Funds Licensing Practice Exam · Question
According to IFIC's code of ethics, what should a mutual fund representative prioritize when making investment recommendations?
A core principle of ethical conduct for mutual fund representatives, as outlined by IFIC, is to always act in the best interests of the client. This means prior
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Question: According to IFIC's code of ethics, what should a mutual fund representative prioritize when making investment recommendations?
Answer options:
- The representative's personal financial gain.
- The sales targets set by their dealer. ✅ The best interests of the client.
- The interests of the fund company.
Correct answer: The best interests of the client.
Explanation: A core principle of ethical conduct for mutual fund representatives, as outlined by IFIC, is to always act in the best interests of the client. This means prioritizing the client's needs and objectives over personal gain, sales targets, or the fund company's interests.
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