Ethical Implications of Investment Banking Relationships in Analysis

As part of the ethical obligations under the CFA Institute's Standards of Professional Conduct, a research analyst working for a firm that provides both investment banking and research services is preparing a report on a client that is currently a major client of their investment banking division. The analyst is aware that the company might be considering an initial public offering (IPO) for a subsidiary, which would involve significant fees for the investment banking department.

The analyst must ensure that the report maintains objectivity and is free from any potential biases that could arise due to these relationships. Given these circumstances, which of the following actions would best help the analyst adhere to the Research Objectivity Standards while mitigating potential conflicts of interest?