<em>Performance fees </em><em>are only permitted for </em><em>wealthy clients</em><em> who have at</em><em> least $1,000,000 invested or have a minimum $2,100,000 </em><em>net worth, therefore this client </em><em>qualifies </em><em>under the </em><em>Investment Advisers Act of 1940</em><em>.</em>
<h3>Who is an Investment Adviser Representative?</h3>
A representative of an investment adviser is typically someone who, in exchange for payment,
- makes recommendations or otherwise renders advice regarding securities.
- manages client accounts or portfolios.
- chooses which recommendations or advice regarding securities should be given.
<h3>Investment Advisory Act of 1940</h3>
Investment consultants are governed by this statute. With few exceptions, this Act mandates that businesses or single proprietors who get payment for advising people on securities investments register with the SEC and abide by rules meant to safeguard investors.
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Answer:
In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.
Explanation:
This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.
Answer: A. stay outta debt
Taxes are automatically withdrawn from paychecks.