Client First principle
Conducting business in a manner that puts the interest of the client above everything else, which the workbook identifies as the correct ethical path for an investment adviser.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series X-A← All terms