Asset Manager Code of Professional Conduct

Free CFA Level III: Private Wealth lesson in Ethical & Professional Standards. 15 min read, ~2,197 words.

The AMC governs firms as institutions; the individual Standards govern individuals. Both must be in place. Six components: loyalty to clients, investment process, trading, risk management/compliance, performance reporting, and disclosure. Adoption is voluntary with no enforcement equivalent to the Professional Conduct Program. The AMC requires portfolio-level thinking: a great stock...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• asset manager code

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