John Doe is an equity analyst at XYZ Securities, a firm known for its strong investment banking division. Recently, his firm was hired as the advisor for an IPO of a tech company, TechInnovation Inc., which is a potential client for XYZ's investment banking services. John has been tasked with preparing a research report on TechInnovation Inc. to provide insights for both institutional investors and the firm's internal stakeholders.
As John develops the report, he is aware of the ethical obligations imposed by the CFA Institute’s Research Objectivity Standards, specifically regarding investment banking relationships. His manager reminds him that it is crucial to maintain independence and objectivity in his evaluation of TechInnovation Inc., especially since they are a new client.
What action should John take to ensure compliance with these standards in his research on TechInnovation Inc.?