Ensuring Professionalism and Independence in Client Engagements

Hard Cfa Institute Code And Standards Professionalism - Independence

As an investment professional and CFA charterholder, you are approached by a local charity organization seeking your expertise in managing their investment portfolio. While discussing the charity's goals, you recognize that your brother is a member of the charity's board of directors. The charity is considering hiring your firm for ongoing investment management services.

In light of the CFA Institute Code of Ethics and Standards of Professional Conduct, which of the following actions should you take to uphold your duty of independence and professionalism?

Proceed to assist the charity with managing their investment portfolio without disclosing your relationship with your brother.

Disclose your relationship with your brother to the charity and ensure that you are not involved in any decision-making regarding the engagement.

Refuse to work with the charity because any potential conflict of interest could impact your objectivity.

Hint

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