Exam CIFC Topic 1 Question 222 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 222
Topic #: 1

Faruq is a Dealing Representative with Smart Planning Group, a mutual fund dealer. Faruq meets with his new client, Taline, and learns that she lives on a low, fixed income.
Taline tells Faruq that she wants to maximize her investment returns as high as possible to make up the difference. Taline also indicates that she cannot afford large investment losses because her income is low.
Which of the following CORRECTLY describes how Faruq should assess Taline's risk profile?

A. Taline's risk profile should be"low" because her risk capacityis low and she cannot afford lame investment losses. B. Faruq should assess Taline's risk profilebased on the higher of her: (1) risk tolerance and (2) risk capacity C. Taline's risk profile should be "hiqh"" because she is willingto accept risk in order to maximize her investment returns. D. Faruq should override the risk that Taline is able to accept because her return expectations cannot otherwise be met.

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