单选题 Bob Wade, CFA, is the chief investment officer of his state's retirement fund in Smith Capital. One day, Wade receives a non-cash gift from Michael Papis who is a client of Wade. According to the Standards of Professional Conduct relating to independence and objectivity, which of the following statements is most accurate? Wade must:
A. decline the gift from Papis.
B. disclose the gift to Smith Capital.
C. disclose the gift to both Smith Capital and other clients of Wade.