IFSE Institute Exam CIFC Topic 3 Question 5 Discussion

Actual exam question for IFSE Institute's CIFC exam

Question #: 5
Topic #: 3

[All CIFC Questions]

Nelson is a Dealing Representative with True Wealth Advisors Inc., a mutual fund dealer. Nelson follows proper procedures related to his firm's Relationship Disclosure Information (RDI). Which of the following CORRECTLY describes how Nelson is permitted to evidence that he satisfied his RDI obligation?

ANelson may retain a copy of the RDI in the client file with detailed notes to confirm that he provided and explained the RDI to the client.

BNelson may deliver the RDI to clients who request it and keep detailed notes of the clients who were provided with the RDI.

CNelson can formalize his relationship under the RDI using a Letter of Engagement that specifies duties, responsibilities, and level of service.

DNelson can record detailed notes which confirm that he provided and explained the Fund Facts to the client within 2 days of the RDI.

Show Suggested Answer

Suggested Answer: A

by Laquanda at Jun 13, 2025, 03:32 PM

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Jose

8 days ago

Option C seems like the way to go. A formal Letter of Engagement is the most professional approach to document the RDI requirements.

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Chanel

4 days ago

A) Nelson may retain a copy of the RDI in the client file with detailed notes to confirm that he provided and explained the RDI to the client.

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1 months ago

I think the correct answer is A.

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