CFA Institute CFA-Level-I Exam - Topic 3 Question 34 Discussion

Actual exam question for CFA Institute's CFA-Level-I exam

Question #: 34
Topic #: 3

[All CFA-Level-I Questions]

According to the AIMR-PPS, ________ are defined to include all discretionary and nondiscretionary assets.

Aindividually managed assets

Ctotal firm assets

Dglobal assets

Show Suggested Answer

Suggested Answer: C

by Roselle at Jun 27, 2026, 01:50 AM

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Kattie

9 hours ago

A makes sense, all assets should be included.

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Dexter

6 days ago

I feel like it could be C) total firm assets.

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Beth

11 days ago

I think the answer is A) individually managed assets.

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Myra

16 days ago

I believe it's A) as well, makes the most sense.

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Mable

21 days ago

Sounds too broad, how can they include nondiscretionary?

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Maddie

26 days ago

Wait, are you sure? I thought it was C) total firm assets.

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Mike

1 month ago

Totally agree, that's what I read too.

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Chantay

1 month ago

A) individually managed assets is correct!

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Jamie

1 month ago

I feel like I’ve seen this concept before, and it’s definitely about discretionary assets, so A seems right to me.

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Lucina

2 months ago

I vaguely recall that global assets might refer to a broader category, but I don't think that's what the AIMR-PPS is focusing on.

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Linwood

2 months ago

I remember practicing a similar question about asset classifications, and it seems like total firm assets could fit, but I’m hesitant.

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Catarina

2 months ago

I think the answer might be A) individually managed assets, but I'm not completely sure.

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