unit 6

Question 1

what are the brochure delivery exemptions?

Answer 1

service rendered is impersonal advisory services and annual fee is less than 500, other is when advisory contract is with a registered investment company.

Question 2

what is specifically required to be in writing in the advisory contract?

Answer 2

method used to computing advisers compensation, the terms of the contract, amount of prepaid fees to be returned in the event of contract termination

Question 3

three expenses involved with brokerage accounts that are not included in the fee disclosure template?

Answer 3

commissions, markups, advisory fees

Question 4

Can trading commence before margin and options agreements are signed and returned?

Answer 4

yes, margin agreements to be signed promptly after first trade, options accounts within 15 days of account being approved