Which of the following does not necessarily have to be included in the contract between an investment adviser and an individual client, according to the Uniform Securities Act (USA) ?
A) the compensation agreement, which cannot be a percentage of the capital gains or capital appreciation earned on the portfolio for all but the wealthiest of individual clients.
B) a statement stipulating that the contract cannot be assigned to another party without the client's consent
C) if the investment adviser is a partnership, a statement indicating that the client will be notified if there is any change in the partners within a reasonable time period
D) a statement of the investment policy that has been agreed upon between the adviser and the client
Correct Answer:
Verified
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