Demonstrating Loyalty to Clients

As part of the Asset Manager Code, professionals in the investment management industry are expected to adhere to a standard of conduct that emphasizes loyalty to their clients. Adam is a portfolio manager at XYZ Investments. He has recently received a call from a friend who is looking for investment advice. Adam is considering providing specific investment recommendations during the call.

Which of the following actions by Adam would best demonstrate his loyalty to his clients according to the Asset Manager Code?