单选题

Jackson Barnes, CFA, works for an insurance company providing financial planning services to clients for a fee. Barnes has developed a network of specialists--including accountants, lawyers, and brokers--who contribute their expertise to the financial planning process. Each of the specialists is an independent contractor. Each contractor bills Barnes separately for the work he or she performs, providing a discount based on the number of clients Barnes has referre d. What steps should Barnes take to be consistent with the CFA Institute Standards of Professional Conduct?

A、 Inform potential clients about his arrangement with the contractors before they agree to hire him
B、 List the consideration he receives from the specialists on monthly client invoices
C、 Have his independent contractors approved by the insurance company

【正确答案】 A

【答案解析】

The referral arrangements should be disclosed to potential clients before entry into any formal agreement for services and not after the fact. This disclosure allows potential clients to consider whether the arrangement causes them any potential harm as a result of the arrangement (e.g., higher fees and potential conflicts of interest).